Proshares Short S&P500 Getting Very Oversold
Posted on February 01, 2013 at 11:26 AM EST
In trading on Friday, shares of the Proshares Short S&P500 ETF (SH) entered into oversold territory, changing hands as low as $32.00 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.