In the case of PGIM AAA CLO, the RSI reading has hit 26.6 — by comparison, the RSI reading for the S&P 500 is currently 21.6. A bullish investor could look at PAAA's 26.6 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), PAAA's low point in its 52 week range is $50.44 per share, with $52.06 as the 52 week high point — that compares with a last trade of $50.62. PGIM AAA CLO shares are currently trading off about 0.3% on the day.
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Also see:
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Institutional Holders of GHIV
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
