ProShares ProShares UltraShort QQQ Getting Very Oversold
January 07, 2020 at 15:59 PM EST
In trading on Tuesday, shares of the ProShares ProShares UltraShort QQQ ETF (QID) entered into oversold territory, changing hands as low as $22.71 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..