In the case of Invesco S&P SmallCap Value with Momentum, the RSI reading has hit 29.7 — by comparison, the RSI reading for the S&P 500 is currently 52.3. A bullish investor could look at XSVM's 29.7 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), XSVM's low point in its 52 week range is $50.13 per share, with $61.395 as the 52 week high point — that compares with a last trade of $54.73. Invesco S&P SmallCap Value with Momentum shares are currently trading off about 0.1% on the day.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
