Shares of SIJ Now Oversold
December 12, 2012 at 12:47 PM EST
In trading on Wednesday, shares of the Proshares UltraShort Industrials ETF (SIJ) entered into oversold territory, changing hands as low as $27.9201 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.