Proshares Ultra Bloomberg Commodity Getting Very Oversold
September 10, 2014 at 10:51 AM EDT
In trading on Wednesday, shares of the Proshares Ultra Bloomberg Commodity ETF (UCD) entered into oversold territory, changing hands as low as $18.545 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..