In the case of iShares Core Aggressive Allocation, the RSI reading has hit 28.0 — by comparison, the RSI reading for the S&P 500 is currently 39.7. A bullish investor could look at AOA's 28.0 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), AOA's low point in its 52 week range is $67.05 per share, with $80.20 as the 52 week high point — that compares with a last trade of $76.66. iShares Core Aggressive Allocation shares are currently trading down about 0.9% on the day.
Find out what 9 other oversold stocks you need to know about »
Also see:
Consumer Services Dividend Stock List EYEN Insider Buying
CHIE Historical Stock Prices
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
