Shares of EWV Now Oversold
March 06, 2013 at 15:51 PM EST
In trading on Wednesday, shares of the Proshares UltraShort MSCI Japan ETF (EWV) entered into oversold territory, changing hands as low as $24.55 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.