EFU Crosses Critical Technical Indicator
January 25, 2013 at 11:36 AM EST
In trading on Friday, shares of the Proshares UltraShort MSCI EAFE ETF (EFU) entered into oversold territory, changing hands as low as $15.30 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.