ProShares Ultra MSCI Mexico Capped IMI (UMX) Enters Oversold Territory
December 22, 2016 at 10:51 AM EST
In trading on Thursday, shares of the ProShares Ultra MSCI Mexico Capped IMI ETF (UMX) entered into oversold territory, changing hands as low as $16.50 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..