UGL Crowded With Sellers
December 20, 2012 at 11:31 AM EST
In trading on Thursday, shares of the Proshares Ultra Gold ETF (UGL) entered into oversold territory, changing hands as low as $82.341 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.