iShares Core S&P U.S. Growth ETF Enters Oversold Territory

On Friday, shares of the iShares Core S&P U.S. Growth ETF (Symbol: IUSG) dropped into oversold territory, trading as low as $130.14 per share. This assessment comes from using the Relative Strength Index (RSI), a technical analysis tool measuring momentum on a scale from zero to 100. A stock is deemed oversold when its RSI falls below 30.

For the iShares Core S&P U.S. Growth ETF, the RSI reading stands at 28.9. In comparison, the S&P 500 has a higher RSI reading of 33.2.

Bullish investors might interpret the ETF’s 28.9 RSI as an indication that recent substantial selling may be losing momentum, signaling a potential opportunity for purchase.

Analyzing the one-year performance chart, IUSG reached a low point of $109.63 and a high point of $146.99 over the past 52 weeks. The most recent trade was at $130.87, which suggests that shares are currently off by about 1.3% for the day.

Click here to discover 9 other oversold dividend stocks worth noting »

Also see:

• SLDB Historical Stock Prices
• UGAZ Videos
• Funds Holding VLLU

The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.