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On Friday, shares of the ROBO Global Robotics and Automation Index ETF (Symbol: ROBO) traded as low as $62.84, entering oversold territory with a Relative Strength Index (RSI) reading of 29.9. A stock is considered oversold when its RSI falls below 30; in comparison, the S&P 500 has an RSI of 37.1.
Over the past year, ROBO’s share price has fluctuated between a low of $43.17 and a high of $70.32. The most recent trade was at $63.06, reflecting a decline of about 0.1% on the day.
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