Vanguard Extended Duration Treasury ETF: Oversold Status Sparks Investor Interest
On Tuesday, shares of the Vanguard Extended Duration Treasury ETF (Symbol: EDV) fell into oversold territory, reaching a low of $67.07 per share. This situation is identified using the Relative Strength Index (RSI), a tool in technical analysis that measures momentum on a scale from 0 to 100. A stock is considered oversold when its RSI drops below 30.
Currently, EDV shows an RSI of 28.8, while the S&P 500 sits at 51.3, indicating weaker momentum for the ETF. Investors with a bullish outlook may interpret this low RSI as a sign that the recent selling pressure could be subsiding, prompting them to look for buying opportunities.
A glance at EDV’s one-year performance reveals its 52-week low at $67.07 per share, with a high of $83.97. The last recorded trade was slightly higher at $67.19, reflecting a decrease of about 2% for the day.
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