In the case of PIMCO Commodity Strategy Active, the RSI reading has hit 29.0 — by comparison, the RSI reading for the S&P 500 is currently 61.5. A bullish investor could look at CMDT's 29.0 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), CMDT's low point in its 52 week range is $25.55 per share, with $35.06 as the 52 week high point — that compares with a last trade of $32.08. PIMCO Commodity Strategy Active shares are currently trading down about 1% on the day.
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Further CMDT Research:
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