In the case of JP Morgan US Tech Leaders, the RSI reading has hit 29.0 — by comparison, the RSI reading for the S&P 500 is currently 32.0. A bullish investor could look at JTEK'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), JTEK's low point in its 52 week range is $55.66 per share, with $85.28 as the 52 week high point — that compares with a last trade of $64.02. JP Morgan US Tech Leaders shares are currently trading down about 6.5% on the day.
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Also see:
Stocks Crossing Below Their 200 Day Moving Average SEM Videos
BLFY market cap history
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
