In the case of iShares Core High Dividend, the RSI reading has hit 29.5 — by comparison, the RSI reading for the S&P 500 is currently 64.1. A bullish investor could look at HDV'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), HDV's low point in its 52 week range is $100.592 per share, with $121.70 as the 52 week high point — that compares with a last trade of $113.32. iShares Core High Dividend shares are currently trading down about 0.3% on the day.
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Also see:
Bruce Berkowitz Stock Picks EMLC Videos
Institutional Holders of LyondellBasell Industries
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
