In the case of The Technology Select Sector SPDR Fund, the RSI reading has hit 28.6 — by comparison, the RSI reading for the S&P 500 is currently 32.0. A bullish investor could look at XLK's 28.6 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), XLK's low point in its 52 week range is $190.745 per share, with $243.14 as the 52 week high point — that compares with a last trade of $196.93. The Technology Select Sector SPDR Fund shares are currently trading down about 5.2% on the day.
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ARK Investment Management Top Holdings Institutional Holders of EZR
NRGY Options Chain
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
