Proshares UltraPro Short S&P500 (SPXU) Enters Oversold Territory
October 22, 2013 at 12:29 PM EDT
In trading on Tuesday, shares of the Proshares UltraPro Short S&P500 ETF (SPXU) entered into oversold territory, changing hands as low as $17.9101 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.