EFZ Crowded With Sellers
Posted on February 01, 2013 at 11:27 AM EST
In trading on Friday, shares of the Proshares Short MSCI EAFE ETF (EFZ) entered into oversold territory, changing hands as low as $39.70 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.