ProShares Ultra Financials Getting Very Oversold
September 25, 2020 at 10:54 AM EDT
In trading on Friday, shares of the ProShares Ultra Financials ETF (UYG) entered into oversold territory, changing hands as low as $28.60 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..