In the case of iShares Global Tech, the RSI reading has hit 27.5 — by comparison, the RSI reading for the S&P 500 is currently 32.0. A bullish investor could look at IXN's 27.5 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), IXN's low point in its 52 week range is $68.53 per share, with $88.62 as the 52 week high point — that compares with a last trade of $72.44. iShares Global Tech shares are currently trading down about 5.4% on the day.
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Also see:
Cheap Energy Stocks Paying Dividends Institutional Holders of EDI
Funds Holding VGII
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
