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SDS Crosses Critical Technical Indicator

In trading on Thursday, shares of the ProShares UltraShort S&P500 ETF (SDS) entered into oversold territory, changing hands as low as $14.70 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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ProShares UltraShort S&P500 (SDS)