BIB Crowded With Sellers
November 02, 2016 at 11:00 AM EDT
In trading on Wednesday, shares of the ProShares Ultra Nasdaq Biotechnology ETF (BIB) entered into oversold territory, changing hands as low as $37.89 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..