Proshares Short QQQ Getting Very Oversold
July 17, 2013 at 11:01 AM EDT
In trading on Wednesday, shares of the Proshares Short QQQ ETF (PSQ) entered into oversold territory, changing hands as low as $21.55 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.