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On Thursday, shares of the iShares Morningstar Mid-Cap Growth ETF (IMCG) traded as low as $77.145, entering oversold territory with a Relative Strength Index (RSI) of 28.6. An RSI below 30 indicates oversold conditions; for context, the S&P 500’s RSI is currently at 37.0.
IMCG’s 52-week performance shows a low of $61.65 and a high of $83.76, with its last trade at $77.16. The ETF is considered to be experiencing heavy selling, which some bullish investors may see as an opportunity for buying.
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