SPXU Crowded With Sellers
Posted on September 13, 2012 at 16:02 PM EDT
In trading on Thursday, shares of the Proshares UltraPro Short S&P500 ETF (SPXU) entered into oversold territory, changing hands as low as $36.70 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.