Shares of QLD Now Oversold
January 07, 2016 at 15:59 PM EST
In trading on Thursday, shares of the ProShares Ultra QQQ ETF (QLD) entered into oversold territory, changing hands as low as $68.65 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..