NUGT Crosses Critical Technical Indicator
November 15, 2012 at 16:17 PM EST
In trading on Thursday, shares of the Daily Gold Miners Bull 3x Shares ETF (NUGT) entered into oversold territory, changing hands as low as $10.31 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100.