In the case of Invesco S&P 500 GARP, the RSI reading has hit 29.96 — by comparison, the RSI reading for the S&P 500 is currently 45.5. A bullish investor could look at SPGP's 29.96 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), SPGP's low point in its 52 week range is $93.84 per share, with $112.8955 as the 52 week high point — that compares with a last trade of $104.07. Invesco S&P 500 GARP shares are currently trading off about 0.1% on the day.
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RAND shares outstanding history
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
