In the case of Tradr 1.5X Short NVDA Daily, the RSI reading has hit 27.4 — by comparison, the RSI reading for the S&P 500 is currently 68.1. A bullish investor could look at NVDS's 27.4 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), NVDS's low point in its 52 week range is $21.18 per share, with $82.50 as the 52 week high point — that compares with a last trade of $21.20. Tradr 1.5X Short NVDA Daily shares are currently trading down about 5.5% on the day.
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