Proshares UltraShort Industrials Getting Very Oversold
November 14, 2013 at 15:53 PM EST
In trading on Thursday, shares of the Proshares UltraShort Industrials ETF (SIJ) entered into oversold territory, changing hands as low as $14.584 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.