Shares of BITO Now Oversold
May 01, 2024 at 11:05 AM EDT
In trading on Wednesday, shares of the ProShares Bitcoin Strategy ETF (BITO) entered into oversold territory, changing hands as low as $23.15 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..