In the case of Capital Group Growth, the RSI reading has hit 27.8 — by comparison, the RSI reading for the S&P 500 is currently 40.4. A bullish investor could look at CGGR'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), CGGR's low point in its 52 week range is $29.23 per share, with $45.835 as the 52 week high point — that compares with a last trade of $42.21. Capital Group Growth shares are currently trading off about 1.8% on the day.
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BCS Options Chain
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
