In trading on Monday, shares of the Direxion Daily AI and Big Data Bull 2X Shares ETF (AIBU) dipped to as low as $33.02, entering oversold territory with a Relative Strength Index (RSI) reading of 29.8. This level is below the critical threshold of 30, indicating that recent selling may be exhausting itself. For comparison, the S&P 500 has an RSI of 26.4.
AIBU’s 52-week performance shows a low of $18.66 and a high of $65.41, with the last trade recorded at $33.15, reflecting a decrease of about 1.6% for the day. Investors may view this RSI reading as a potential buying opportunity.
