In trading on Friday, the iShares Core Moderate Allocation Fund ETF (AOM) was marked as oversold, trading as low as $47.44 per share. The Relative Strength Index (RSI) for AOM reached a low of 28.7, indicating that it is at risk of further decline; for comparison, the S&P 500’s RSI is currently at 32.8.
For AOM, the 52-week range shows a low of $41.20 and a high of $49.25, with its last trade recorded at $47.43, reflecting a decline of about 0.3% on the day. A dip below an RSI of 30 typically suggests heavy selling is becoming exhausted, which may signal a potential buying opportunity for bullish investors.
