In trading on Thursday, shares of Dow Inc (Symbol: DOW) entered into oversold territory, hitting an RSI reading of 28.0, after changing hands as low as $31.3701 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 55.0. A bullish investor could look at DOW's 28.0 RSI reading today 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. The chart below shows the one year performance of DOW shares:
Looking at the chart above, DOW's low point in its 52 week range is $20.4019 per share, with $42.74 as the 52 week high point — that compares with a last trade of $31.73.
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Further DOW Research:
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