Pacer ETF COWG Enters Oversold Territory Amid Market Decline

On Monday, trading activity revealed that shares of the Pacer US Large Cap Cash Cows Growth Leaders ETF (Symbol: COWG) entered an oversold zone, reaching a low of $30.4006 per share. Oversold conditions are determined using the Relative Strength Index (RSI), a widely used technical analysis tool that quantifies momentum on a 0 to 100 scale. A stock is characterized as oversold if the RSI falls below 30.

For COWG, the current RSI reading stands at 29.8. In contrast, the S&P 500 has an RSI of 28.9. A bullish investor might interpret COWG’s 29.8 RSI as a potential signal that the recent selling pressure is waning, prompting opportunities for buying as the stock may soon stabilize or recover.

Examining COWG’s annual performance, its 52-week low is $24.12 per share, while the high is $35.87. The last recorded trading price was $30.73, indicating a current decline of about 3.3% on the day.

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