EWV Crosses Critical Technical Indicator
October 31, 2014 at 11:13 AM EDT
In trading on Friday, shares of the Proshares UltraShort MSCI Japan ETF (EWV) entered into oversold territory, changing hands as low as $58.52 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..