Proshares UltraPro MidCap400 Getting Very Oversold
October 01, 2014 at 16:12 PM EDT
In trading on Wednesday, shares of the Proshares UltraPro MidCap400 ETF (UMDD) entered into oversold territory, changing hands as low as $93.00 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..