HTRB Crowded With Sellers

In trading on Tuesday, shares of the Hartford Total Return Bond ETF (Symbol: HTRB) entered into oversold territory, changing hands as low as $32.99 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.

In the case of Hartford Total Return Bond, the RSI reading has hit 29.6 — by comparison, the RSI reading for the S&P 500 is currently 42.7. A bullish investor could look at HTRB's 29.6 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), HTRB's low point in its 52 week range is $32.67 per share, with $35.34 as the 52 week high point — that compares with a last trade of $33.00. Hartford Total Return Bond shares are currently trading down about 0.1% on the day.

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