Self Directed Investor Inc
SDI: "Empowering investors with ideas and education"
Symbol Lookup »  
Topics:ChinaETFsEarningsEconomyEnergyForexGoldIncomeLessonsIdeasTrading

  • Other news: News from PR Newswire
| More

SPXU Crowded With Sellers

Fri, Feb 1, 11:26 AM ET, by ETF Channel

In trading on Friday, shares of the Proshares UltraPro Short S&P500 ETF (SPXU) entered into oversold territory, changing hands as low as $31.45 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 UltraPro Short S&P500, the RSI reading has hit 28.6 by comparison, the RSI reading for the S&P 500 is currently 71.6.

A bullish investor could look at SPXU's 28.6 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), SPXU's low point in its 52 week range is $31.45 per share, with $60.01 as the 52 week high point that compares with a last trade of $31.70. Proshares UltraPro Short S&P500 shares are currently trading off about 1.9% on the day.

Proshares UltraPro Short S&P500 1 Year Performance Chart


Special Offer: Find out what Dave Moenning is holding in the ETF Channel Flexible Growth Investment Portfolio with 30 Days Free.

Read the original article at ETF Channel: SPXU Crowded With Sellers


SDI Glossary: "Channel" Definition
SDI Glossary: "Short" Definition
This Article's Word Cloud:   Channel   Crowded   Dave   Days   Growth   Looking   Proshares   Relative   SPXU   Sellers   Short   Special   Strength   UltraPro   adsbygoogle   analysis   below   bullish   case   changing   compares   comparison   currently   define   entered   entry   falls   heavy   into   last   look   oversold   point   range   reading   selling   share   shares   sign   technical   territory   that   trading   used   using   week   what   which   with   zero

| More

PUI, SCG, WEC, SRE: Large Outflows Detected at ETF
Thu, Aug 25, 11:14 AM ET, by ETF Channel

Symbols mentioned in this story: PUI, SCG, WEC, SRE Exchange traded funds (ETFs) trade just ...

iShares MSCI Italy Capped ETF Experiences Big Outflow
Thu, Aug 25, 11:14 AM ET, by ETF Channel

Symbols mentioned in this story: EWI Exchange traded funds (ETFs) trade just like stocks, but ...

IVE, T, PG, CSCO: Large Outflows Detected at ETF
Thu, Aug 25, 11:14 AM ET, by ETF Channel

Symbols mentioned in this story: IVE, T, PG, CSCO Exchange traded funds (ETFs) trade just ...

SVXY: ETF Outflow Alert
Thu, Aug 25, 11:14 AM ET, by ETF Channel

Symbols mentioned in this story: SVXY Exchange traded funds (ETFs) trade just like stocks, but ...

EBND: ETF Outflow Alert
Thu, Aug 25, 11:14 AM ET, by ETF Channel

Symbols mentioned in this story: EBND Exchange traded funds (ETFs) trade just like stocks, but ...

VEA: Large Inflows Detected at ETF
Thu, Aug 25, 10:54 AM ET, by ETF Channel

Symbols mentioned in this story: VEA Exchange traded funds (ETFs) trade just like stocks, but ...

NOBL, CTAS, HRL, GWW: ETF Inflow Alert
Thu, Aug 25, 10:54 AM ET, by ETF Channel

Symbols mentioned in this story: NOBL, CTAS, HRL, GWW Exchange traded funds (ETFs) trade just ...

TZA: ETF Inflow Alert
Thu, Aug 25, 10:54 AM ET, by ETF Channel

Symbols mentioned in this story: TZA Exchange traded funds (ETFs) trade just like stocks, but ...

Vanguard Mid-Cap Value ETF Experiences Big Inflow
Thu, Aug 25, 10:54 AM ET, by ETF Channel

Symbols mentioned in this story: VOE Exchange traded funds (ETFs) trade just like stocks, but ...

UVXY: Large Inflows Detected at ETF
Thu, Aug 25, 10:54 AM ET, by ETF Channel

Symbols mentioned in this story: UVXY Exchange traded funds (ETFs) trade just like stocks, but ...

XHS, ABC, WOOF, MOH: ETF Inflow Alert
Thu, Aug 25, 10:54 AM ET, by ETF Channel

Symbols mentioned in this story: XHS, ABC, WOOF, MOH Exchange traded funds (ETFs) trade just ...

SQQQ: ETF Inflow Alert
Thu, Aug 25, 10:54 AM ET, by ETF Channel

Symbols mentioned in this story: SQQQ Exchange traded funds (ETFs) trade just like stocks, but ...

The DO Paradox: Analysts Bearish But Forecast 12.1% Gains
Thu, Aug 25, 8:14 AM ET, by ETF Channel

Analyst ratings can sometimes be complicated, and we here at ETF Channel have noticed a ...

The ESV Paradox: Analysts Bearish But Forecast 14.25% Gains
Thu, Aug 25, 8:14 AM ET, by ETF Channel

Analyst ratings can sometimes be complicated, and we here at ETF Channel have noticed a ...

KFRC Crosses Above Average Analyst Target
Thu, Aug 25, 8:14 AM ET, by ETF Channel

In recent trading, shares of Kforce Inc. (KFRC) have crossed above the average analyst 12-month ...

BMA Crosses Above Average Analyst Target
Thu, Aug 25, 8:14 AM ET, by ETF Channel

In recent trading, shares of Banco Macro S.A. (BMA) have crossed above the average analyst ...

Sum Up The Parts: IBB Could Be Worth $366
Thu, Aug 25, 8:14 AM ET, by ETF Channel

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...

GDX Crowded With Sellers
Wed, Aug 24, 4:14 PM ET, by ETF Channel

In trading on Wednesday, shares of the Gold Miners ETF (GDX) entered into oversold territory, ...

ProShares Ultra Gold Miners Getting Very Oversold
Wed, Aug 24, 4:14 PM ET, by ETF Channel

In trading on Wednesday, shares of the ProShares Ultra Gold Miners ETF (GDXX) entered into ...

iShares MSCI Global Gold Miners Getting Very Oversold
Wed, Aug 24, 4:14 PM ET, by ETF Channel

In trading on Wednesday, shares of the iShares MSCI Global Gold Miners ETF (RING) entered ...

NUGT Crosses Critical Technical Indicator
Wed, Aug 24, 4:14 PM ET, by ETF Channel

In trading on Wednesday, shares of the Daily Gold Miners Index Bull 3x Shares ETF ...

Notable Two Hundred Day Moving Average Cross - BIB
Wed, Aug 24, 4:14 PM ET, by ETF Channel

In trading on Wednesday, shares of the ProShares Ultra Nasdaq Biotechnology ETF (BIB) crossed below ...

Pharmaceutical (PPH) Shares Cross Below 200 DMA
Wed, Aug 24, 4:14 PM ET, by ETF Channel

In trading on Wednesday, shares of the Pharmaceutical ETF (PPH) crossed below their 200 day ...

See How International Business Machines Ranks Among Analysts' Top Dow 30 Picks
Wed, Aug 24, 11:54 AM ET, by ETF Channel

A study of analyst recommendations at the major brokerages shows that International Business Machines Corp. ...

MDY, MTD, IDXX, WWAV: Large Outflows Detected at ETF
Wed, Aug 24, 11:14 AM ET, by ETF Channel

Symbols mentioned in this story: MDY, MTD, IDXX, WWAV Exchange traded funds (ETFs) trade just ...

FM Crosses Below Key Moving Average Level
Wed, Aug 24, 11:14 AM ET, by ETF Channel

In trading on Wednesday, shares of the iShares MSCI Frontier 100 ETF (FM) crossed below ...

PSK, HSEB, PNC.PRP, USB.PRM: Large Outflows Detected at ETF
Wed, Aug 24, 11:14 AM ET, by ETF Channel

Symbols mentioned in this story: PSK, HSEB, PNC.PRP, USB.PRM Exchange traded funds (ETFs) trade just ...

RXI, MCD, TWX, TJX: ETF Inflow Alert
Wed, Aug 24, 10:54 AM ET, by ETF Channel

Symbols mentioned in this story: RXI, MCD, TWX, TJX Exchange traded funds (ETFs) trade just ...

AGQ Crowded With Sellers
Wed, Aug 24, 10:54 AM ET, by ETF Channel

In trading on Wednesday, shares of the ProShares Ultra Silver ETF (AGQ) entered into oversold ...

SLV Crosses Critical Technical Indicator
Wed, Aug 24, 10:54 AM ET, by ETF Channel

In trading on Wednesday, shares of the iShares Silver Trust ETF (SLV) entered into oversold ...

ETFS Physical Silver Shares Getting Very Oversold
Wed, Aug 24, 10:54 AM ET, by ETF Channel

In trading on Wednesday, shares of the ETFS Physical Silver Shares ETF (SIVR) entered into ...

PowerShares DB Silver Fund Getting Very Oversold
Wed, Aug 24, 10:54 AM ET, by ETF Channel

In trading on Wednesday, shares of the PowerShares DB Silver Fund ETF (DBS) entered into ...

Five9 Reaches Analyst Target Price
Wed, Aug 24, 8:14 AM ET, by ETF Channel

In recent trading, shares of Five9, Inc (FIVN) have crossed above the average analyst 12-month ...

PBYI Crosses Above Average Analyst Target
Wed, Aug 24, 8:14 AM ET, by ETF Channel

In recent trading, shares of Puma Biotechnology, Inc. (PBYI) have crossed above the average analyst ...

Rexnord Reaches Analyst Target Price
Wed, Aug 24, 8:14 AM ET, by ETF Channel

In recent trading, shares of Rexnord Corp (RXN) have crossed above the average analyst 12-month ...

Nordson Reaches Analyst Target Price
Wed, Aug 24, 8:14 AM ET, by ETF Channel

In recent trading, shares of Nordson Corp. (NDSN) have crossed above the average analyst 12-month ...

LZB Crosses Above Average Analyst Target
Wed, Aug 24, 8:14 AM ET, by ETF Channel

In recent trading, shares of La-Z-Boy Inc. (LZB) have crossed above the average analyst 12-month ...

ASML Crosses Above Average Analyst Target
Wed, Aug 24, 8:14 AM ET, by ETF Channel

In recent trading, shares of ASML Holding NV (ASML) have crossed above the average analyst ...

ANGI Crosses Above Average Analyst Target
Wed, Aug 24, 8:14 AM ET, by ETF Channel

In recent trading, shares of Angie's List Inc. (ANGI) have crossed above the average analyst ...

CLVS Crosses Above Average Analyst Target
Wed, Aug 24, 8:14 AM ET, by ETF Channel

In recent trading, shares of Clovis Oncology Inc (CLVS) have crossed above the average analyst ...

Medidata Solutions Reaches Analyst Target Price
Wed, Aug 24, 8:14 AM ET, by ETF Channel

In recent trading, shares of Medidata Solutions, Inc. (MDSO) have crossed above the average analyst ...

F5 Networks Reaches Analyst Target Price
Wed, Aug 24, 8:14 AM ET, by ETF Channel

In recent trading, shares of F5 Networks, Inc. (FFIV) have crossed above the average analyst ...

Delphi Automotive Moves Up In Analyst Rankings, Passing Allegion
Tue, Aug 23, 1:24 PM ET, by ETF Channel

In a study of analyst recommendations at the major brokerages, for the underlying components of ...

See How Exxon Mobil Ranks Among Analysts' Top Dow 30 Picks
Tue, Aug 23, 1:24 PM ET, by ETF Channel

A study of analyst recommendations at the major brokerages shows that Exxon Mobil Corp. (XOM) ...

IGV, MSFT, ORCL, ADBE: ETF Outflow Alert
Tue, Aug 23, 11:14 AM ET, by ETF Channel

Symbols mentioned in this story: IGV, MSFT, ORCL, ADBE Exchange traded funds (ETFs) trade just ...

LABU: ETF Outflow Alert
Tue, Aug 23, 10:54 AM ET, by ETF Channel

Symbols mentioned in this story: LABU Exchange traded funds (ETFs) trade just like stocks, but ...

BWX: ETF Outflow Alert
Tue, Aug 23, 10:54 AM ET, by ETF Channel

Symbols mentioned in this story: BWX Exchange traded funds (ETFs) trade just like stocks, but ...

A10 Networks Reaches Analyst Target Price
Tue, Aug 23, 8:14 AM ET, by ETF Channel

In recent trading, shares of A10 Networks Inc (ATEN) have crossed above the average analyst ...

Equity Lifestyle Properties Reaches Analyst Target Price
Tue, Aug 23, 8:14 AM ET, by ETF Channel

In recent trading, shares of Equity Lifestyle Properties Inc (ELS) have crossed above the average ...

ROCK Crosses Above Average Analyst Target
Tue, Aug 23, 8:14 AM ET, by ETF Channel

In recent trading, shares of Gibraltar Industries Inc (ROCK) have crossed above the average analyst ...

  More articles:  1 2 3 4 5 6 7 next »

ABOUT US »   ADVERTISE »   CONTACT US »   TERMS OF USE & PRIVACY POLICY »

SPXU Crowded With Sellers | Self Directed Investor | Copyright © 2008 - 2016, All Rights Reserved

Any ideas and opinions presented in Self Directed Investor content are for informational and educational purposes only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners. In no way should any content contained herein be interpreted to represent trading or investment advice. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All site visitors agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.

SDI is associated with: ValueForum.com -- a subscription-based online social networking forum of serious individual investors. | MarketNewsVideo.com -- videos appearing on SDI are produced by Market News Video. | TickerTech.com -- stock quote content appearing on SDI is at least 20 minutes delayed and is powered by Ticker Technologies. | GoldStockStrategist.com -- Edited by Scott V. Nystrom, PhD, Gold Stock Strategist provides analysis on gold mining companies.