Shares of LABU Now Oversold
October 26, 2017 at 12:03 PM EDT
In trading on Thursday, shares of the Daily S&P Biotech Bull 3X Shares ETF (LABU) entered into oversold territory, changing hands as low as $70.33 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..