BIB Crosses Critical Technical Indicator
March 04, 2021 at 16:17 PM EST
In trading on Thursday, shares of the ProShares ProShares Ultra Nasdaq Biotechnology ETF (BIB) entered into oversold territory, changing hands as low as $78.41 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..