Proshares Short High Yield Getting Very Oversold
Posted on December 31, 2012 at 11:21 AM EST
In trading on Monday, shares of the Proshares Short High Yield ETF (SJB) entered into oversold territory, changing hands as low as $32.24 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.