Proshares UltraPro Short Russell2000 Getting Very Oversold
December 30, 2013 at 16:16 PM EST
In trading on Monday, shares of the Proshares UltraPro Short Russell2000 ETF (SRTY) entered into oversold territory, changing hands as low as $10.73 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.