On Monday, shares of the Direxion Daily Regional Banks Bull 3X ETF (DPST) fell to a low of $129.85, entering oversold territory as indicated by a Relative Strength Index (RSI) reading of 28.7, which is below the threshold of 30. In comparison, the S&P 500 has an RSI of 51.9. This signals that the recent heavy selling may be waning, potentially creating buying opportunities for bullish investors.
For context, DPST’s 52-week performance shows a low of $72.66 and a high of $158.88, with its latest trade at $130.49, reflecting a decline of approximately 3.1% on the day.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
