ProShares ProShares UltraShort QQQ (QID) Enters Oversold Territory

In trading on Friday, shares of the ProShares ProShares UltraShort QQQ ETF (QID) entered into oversold territory, changing hands as low as $6.865 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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