Proshares Ultra High Yield Getting Very Oversold
May 29, 2013 at 15:55 PM EDT
In trading on Wednesday, shares of the Proshares Ultra High Yield ETF (UJB) entered into oversold territory, changing hands as low as $52.75 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.