iShares 20+ Year Treasury Bond ETF Hits Oversold Levels
On Wednesday, trading activity showed that shares of the iShares 20+ Year Treasury Bond ETF (Symbol: TLT) dropped into oversold territory, reaching a low of $83.7601 per share. The Relative Strength Index (RSI), a popular technical analysis tool for measuring momentum, defines an oversold condition as an RSI reading below 30.
Currently, TLT has an RSI of 28.5, which contrasts sharply with the S&P 500’s 63.8. This low reading might encourage bullish investors to consider TLT as a potential buying opportunity, suggesting that heavy selling may be slowing down.
52-Week Performance Overview
A review of TLT’s one-year performance indicates a 52-week low of $83.7601 per share and a high of $101.64. The latest trading price stands at $83.94, reflecting a decline of approximately 1.7% for the day.
Explore additional oversold stocks worth considering.
Related Insights:
- High-Yield REITs
- ARGT Historical Stock Prices
- CBPX Price Target
The opinions expressed herein are solely those of the author and do not necessarily reflect those of Nasdaq, Inc.
