ProShares UltraPro Short QQQ Getting Very Oversold
August 01, 2016 at 10:57 AM EDT
In trading on Monday, shares of the ProShares UltraPro Short QQQ ETF (SQQQ) entered into oversold territory, changing hands as low as $14.67 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..