Market Movement Highlights and Technical Insights
In Friday’s trading session, shares of the iShares Core Aggressive Allocation ETF (Symbol: AOA) dipped into oversold territory, trading as low as $75.9635 per share. The term “oversold” is defined here using the Relative Strength Index (RSI), a technical analysis tool that measures momentum on a scale from zero to 100. A stock is considered oversold when the RSI reading falls below 30.
Currently, the RSI for iShares Core Aggressive Allocation stands at 28.0, while the S&P 500 index has a higher RSI of 39.7.
For bullish investors, the 28.0 RSI might indicate that recent selling pressure is waning. This could open up potential opportunities to invest as the market stabilizes.
Reviewing AOA’s one-year performance (chart below), the ETF’s 52-week low is $67.05 per share, with a high reaching $80.20. Its last trade was recorded at $76.66, reflecting a decrease of about 0.9% for the day.
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Also see:
• Consumer Services Dividend Stock List
• EYEN Insider Buying
• CHIE Historical Stock Prices
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
