In the case of ARK Fintech Innovation, the RSI reading has hit 24.9 — by comparison, the RSI reading for the S&P 500 is currently 50.5. A bullish investor could look at ARKF's 24.9 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), ARKF's low point in its 52 week range is $27.70 per share, with $59.20 as the 52 week high point — that compares with a last trade of $44.50. ARK Fintech Innovation shares are currently trading off about 3% on the day.
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Also see:
CDx3 Weekly Preferred Stock Newsletter SEPN Videos
Institutional Holders of VFMF
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
