PWB

PWB Crosses Critical Technical Indicator

In trading on Friday, shares of the Invesco Large Cap Growth ETF (Symbol: PWB) entered into oversold territory, changing hands as low as $98.1101 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 Invesco Large Cap Growth, the RSI reading has hit 29.3 — by comparison, the RSI reading for the S&P 500 is currently 33.2. A bullish investor could look at PWB's 29.3 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), PWB's low point in its 52 week range is $83.5844 per share, with $111.1242 as the 52 week high point — that compares with a last trade of $97.08. Invesco Large Cap Growth shares are currently trading down about 0.6% on the day.

Invesco Large Cap Growth 1 Year Performance Chart

Click here to find out what 9 other oversold dividend stocks you need to know about »

Also see:
• Stock market game
• COB Historical Stock Prices
• Institutional Holders of SCLE

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

More Related Articles

Info icon

This data feed is not available at this time.

Data is currently not available

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.