Shares of HYHG Now Oversold
September 29, 2014 at 11:18 AM EDT
In trading on Monday, shares of the Proshares High YieldInterest Rate Hedged ETF (HYHG) entered into oversold territory, changing hands as low as $76.21 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..