Shares of SDD Now Oversold
May 17, 2013 at 11:10 AM EDT
In trading on Friday, shares of the Proshares UltraShort SmallCap600 ETF (SDD) entered into oversold territory, changing hands as low as $18.13 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.