In the case of The Health Care Select Sector SPDR Fund, the RSI reading has hit 28.4 — by comparison, the RSI reading for the S&P 500 is currently 23.1. A bullish investor could look at XLV'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), XLV's low point in its 52 week range is $135.53 per share, with $159.64 as the 52 week high point — that compares with a last trade of $136.09. The Health Care Select Sector SPDR Fund shares are currently trading down about 4.6% on the day.
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Also see:
Stocks Crossing Below Book Value Funds Holding NANO
Top Ten Hedge Funds Holding FIDU
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
