In the case of Vanguard Tax-Exempt Bond, the RSI reading has hit 28.4 — by comparison, the RSI reading for the S&P 500 is currently 45.2. A bullish investor could look at VTEB'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), VTEB's low point in its 52 week range is $49.365 per share, with $51.17 as the 52 week high point — that compares with a last trade of $49.37. Vanguard Tax-Exempt Bond shares are currently trading off about 0.4% on the day.
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