In the case of ETHU, the RSI reading has hit 29.9 — by comparison, the RSI reading for the S&P 500 is currently 43.8. A bullish investor could look at ETHU's 29.9 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), ETHU's low point in its 52 week range is $22.1001 per share, with $251 as the 52 week high point — that compares with a last trade of $59.14. ETHU shares are currently trading off about 10% on the day.
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Also see:
HAFC Dividend Growth Rate BBSI Average Annual Return
Top Ten Hedge Funds Holding AMYT
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
