On Thursday, shares of the Leverage Shares 2X Long AAL Daily ETF (AALG) traded as low as $10.745, entering oversold territory with a Relative Strength Index (RSI) reading of 29.9. An RSI below 30 indicates a stock is considered oversold. In contrast, the S&P 500 has an RSI of 51.6.
The ETF’s 52-week performance shows a low of $7.07 and a high of $22.07, with the last trade at $10.88, reflecting a 5% decline on the day.
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