Shares of QID Now Oversold
July 17, 2013 at 11:06 AM EDT
In trading on Wednesday, shares of the Proshares UltraShort QQQ ETF (QID) entered into oversold territory, changing hands as low as $20.9501 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.