URTY Crosses Critical Technical Indicator
December 23, 2024 at 11:09 AM EST
In trading on Monday, shares of the ProShares UltraPro Russell2000 ETF (URTY) entered into oversold territory, changing hands as low as $48.385 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..
