Proshares Ultra VIX Short-Term Futures Getting Very Oversold
Posted on January 18, 2013 at 15:55 PM EST
In trading on Friday, shares of the Proshares Ultra VIX Short-Term Futures ETF (UVXY) entered into oversold territory, changing hands as low as $11.62 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.