IGU Crosses Critical Technical Indicator
December 18, 2012 at 15:52 PM EST
In trading on Tuesday, shares of the Proshares Ultra Investment Grade Corporate ETF (IGU) entered into oversold territory, changing hands as low as $54.62 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.