Proshares Ultra Gold Getting Very Oversold
February 15, 2013 at 13:49 PM EST
In trading on Friday, shares of the Proshares Ultra Gold ETF (UGL) entered into oversold territory, changing hands as low as $78.00 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.