In trading on Tuesday, shares of the Direxion Daily AMD Bear 1X Shares ETF (AMDD) fell to $7.095, entering oversold territory with a Relative Strength Index (RSI) reading of 27.8. An RSI below 30 typically indicates a stock is oversold; for comparison, the S&P 500 has an RSI of 65.6. This signals that the recent heavy selling may be exhausting, presenting potential buying opportunities for bullish investors.
The AMDD’s performance over the past year shows a low of $7.095 and a high of $29.30. Currently, the shares are down about 3.3% for the day, trading near $7.10.
