UCC Crosses Critical Technical Indicator
Posted on November 16, 2012 at 11:49 AM EST
In trading on Friday, shares of the Proshares Ultra Consumer Services ETF (UCC) entered into oversold territory, changing hands as low as $70.5301 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.