Proshares Short MidCap400 Getting Very Oversold
September 06, 2012 at 16:02 PM EDT
In trading on Thursday, shares of the Proshares Short MidCap400 ETF (MYY) entered into oversold territory, changing hands as low as $26.16 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.