Shares of MIDZ Now Oversold
September 06, 2012 at 16:01 PM EDT
In trading on Thursday, shares of the Daily Mid Cap Bear 3x Shares ETF (MIDZ) entered into oversold territory, changing hands as low as $18.33 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.