QID Crowded With Sellers
December 31, 2013 at 11:15 AM EST
In trading on Tuesday, shares of the Proshares UltraShort QQQ ETF (QID) entered into oversold territory, changing hands as low as $15.0809 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.