By: ETF Channel
October 23, 2013 at 12:45 PM EDT
TBF Crosses Critical Technical Indicator
In trading on Wednesday, shares of the Proshares Short 20+ Year Treasury ETF (TBF) entered into oversold territory, changing hands as low as $31.33 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.
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