KRU Crosses Critical Technical Indicator
Posted on June 04, 2012 at 16:12 PM EDT
In trading on Monday, shares of the Proshares Ultra KBW Regional Banking ETF (KRU) entered into oversold territory, changing hands as low as $37.43 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.