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On Thursday, shares of the iShares MSCI USA Momentum Factor ETF (MTUM) dropped to $237.86, entering oversold territory as indicated by a Relative Strength Index (RSI) of 29.9, which is below the critical threshold of 30. In comparison, the S&P 500’s RSI is at 37.0.
MTUM’s share price is down approximately 1.9% for the day, with a 52-week low of $171.515 and a high of $258.96. The latest trade price is $238.02.
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