In the case of Vanguard Mega Cap Growth, the RSI reading has hit 26.3 — by comparison, the RSI reading for the S&P 500 is currently 31.0. A bullish investor could look at MGK's 26.3 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), MGK's low point in its 52 week range is $266.99 per share, with $358.64 as the 52 week high point — that compares with a last trade of $313.00. Vanguard Mega Cap Growth shares are currently trading off about 3.3% on the day.
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Also see:
EMKR Split History OReilly Automotive Technical Analysis
Top Ten Hedge Funds Holding VENA
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
