In trading on Thursday, shares of the Defiance Daily Target 2X Short TSM ETF (STSM) fell to an oversold status with a low of $18.625 per share. The Relative Strength Index (RSI) for STSM hit 29.7, indicating oversold conditions, while the S&P 500 has an RSI of 69.4. Stocks are typically considered oversold when their RSI falls below 30.
The 52-week range for STSM shows a low of $18.36 and a high of $66.084, with the last trade recorded at $18.68. Currently, STSM shares are down approximately 3.6% for the day.
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