In the case of iShares Fallen Angels USD Bond, the RSI reading has hit 29.8 — by comparison, the RSI reading for the S&P 500 is currently 38.6. A bullish investor could look at FALN's 29.8 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), FALN's low point in its 52 week range is $24.12 per share, with $26.915 as the 52 week high point — that compares with a last trade of $26.09. iShares Fallen Angels USD Bond shares are currently trading off about 0.5% on the day.
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Also see:
Institutional Holders of RYI Funds Holding CMTG
Institutional Holders of PMOM
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
