Shares of MELT Now Oversold
December 30, 2016 at 10:51 AM EST
In trading on Friday, shares of the Daily Gold Miners Index Bear 1x Shares ETF (MELT) entered into oversold territory, changing hands as low as $27.73 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..