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IGV

iShares Expanded Tech-Software Sector Getting Very Oversold

March 10, 2025 — 11:20 am EDT

Written by BNK Invest for BNK Invest->

In trading on Monday, shares of the iShares Expanded Tech-Software Sector ETF (Symbol: IGV) entered into oversold territory, changing hands as low as $89.30 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 iShares Expanded Tech-Software Sector, the RSI reading has hit 26.1 — by comparison, the RSI reading for the S&P 500 is currently 31.0. A bullish investor could look at IGV's 26.1 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), IGV's low point in its 52 week range is $75.96 per share, with $110.84 as the 52 week high point — that compares with a last trade of $89.15. iShares Expanded Tech-Software Sector shares are currently trading off about 4.2% on the day.

iShares Expanded Tech-Software Sector 1 Year Performance Chart

Find out what 9 other oversold stocks you need to know about »

Also see:
• Steel Dynamics Average Annual Return
• Top Ten Hedge Funds Holding SYLD
• LWAY market cap history

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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BNK Invest
BNK Invest Inc. provides investment services and information. BNK Invest owns and operates a market news family of websites including DividendChannel, ETFChannel, StockOptionsChannel, and others, which make up an investor community featuring stock message boards, ratings, research, and strategies. BNK Invest caters to investing firms and individual investors internationally.
Steel Dynamics Average Annual Return-> Top Ten Hedge Funds Holding SYLD-> LWAY market cap history-> More articles by this source->

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