YXI Crosses Above Key Moving Average Level Thursday, August 2, 4:01 PM ET, by Market News Video Staff In trading on Thursday, shares of the Proshares Short FTSE China 25 ETF (YXI) crossed ...
YXI Crosses Above Key Moving Average Level Wednesday, September 26, 10:55 AM ET, by Market News Video Staff In trading on Wednesday, shares of the Proshares Short FTSE China 25 ETF (YXI) crossed ...
YXI Crowded With Sellers Wednesday, October 24, 3:52 PM ET, by Market News Video Staff In trading on Wednesday, shares of the Proshares Short FTSE China 25 ETF (YXI) entered ...
In trading on Monday, shares of the Proshares Short FTSE China 25 ETF (AMEX:YXI) entered into oversold territory, changing hands as low as $35.52 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. A stock is considered to be oversold if the RSI reading falls below 30.
In the case of Proshares Short FTSE China 25, the RSI reading has hit 26.3 — by comparison, the RSI reading for the S&P 500 is currently 48.9.
A bullish investor could look at YXI's 26.3 reading as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.
Looking at a chart of one year performance (below), YXI's low point in its 52 week range is $34.75 per share, with $47.11 as the 52 week high point — that compares with a last trade of $35.52. Proshares Short FTSE China 25 shares are currently trading off about 1.6% on the day.
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