In the case of SPDR Blackstone Senior Loan, the RSI reading has hit 28.0 — by comparison, the RSI reading for the S&P 500 is currently 43.2. A bullish investor could look at SRLN's 28.0 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), SRLN's low point in its 52 week range is $39.0801 per share, with $41.74 as the 52 week high point — that compares with a last trade of $40.31. SPDR Blackstone Senior Loan shares are currently trading off about 0.7% on the day.
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Also see:
ETFs Holding AM PHAS Options Chain
Funds Holding MEGL
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
