Shares of BOIL Now Oversold
Posted on December 13, 2012 at 13:55 PM EST
In trading on Thursday, shares of the Proshares Ultra DJ-UBS Natural Gas ETF (BOIL) entered into oversold territory, changing hands as low as $38.95 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.