In the case of PIMCO Active Bond, the RSI reading has hit 27.8 — by comparison, the RSI reading for the S&P 500 is currently 39.6. A bullish investor could look at BOND's 27.8 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), BOND's low point in its 52 week range is $88.8801 per share, with $95.32 as the 52 week high point — that compares with a last trade of $89.17. PIMCO Active Bond shares are currently trading down about 1.2% on the day.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
