In the case of iShares International Equity Factor, the RSI reading has hit 29.5 — by comparison, the RSI reading for the S&P 500 is currently 39.7. A bullish investor could look at INTF's 29.5 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), INTF's low point in its 52 week range is $27.145 per share, with $31.83 as the 52 week high point — that compares with a last trade of $28.48. iShares International Equity Factor shares are currently trading off about 0.6% on the day.
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Also see:
Top Ten Hedge Funds Holding IUS COPX Average Annual Return
Top Ten Hedge Funds Holding SSKN
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
