Proshares UltraShort Consumer Goods Getting Very Oversold
October 18, 2013 at 15:59 PM EDT
In trading on Friday, shares of the Proshares UltraShort Consumer Goods ETF (SZK) entered into oversold territory, changing hands as low as $38.411 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.