In trading on Thursday, shares of the Vanguard Total
International Stock ETF (Symbol: VXUS) entered into oversold
territory, changing hands as low as $52.106 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 Vanguard Total International Stock, the RSI reading
has hit 29.0 - by comparison, the RSI reading for the S&P 500
is currently 32.2. A bullish investor could look at VXUS's 29.0
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), VXUS's low
point in its 52 week range is $46.86 per share, with $55.22 as the
52 week high point - that compares with a last trade of $52.14.
Vanguard Total International Stock shares are currently trading
down about 1.1% on the day.
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