In the case of Vanguard Materials, the RSI reading has hit 28.4 — by comparison, the RSI reading for the S&P 500 is currently 59.8. A bullish investor could look at VAW's 28.4 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), VAW's low point in its 52 week range is $161.43 per share, with $213.52 as the 52 week high point — that compares with a last trade of $192.39. Vanguard Materials shares are currently trading down about 1.7% on the day.
Find out what 9 other oversold stocks you need to know about »
Also see:
CWCO Average Annual Return Funds Holding IUSA
AZC Historical Stock Prices
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
