Fidelity Low Volatility Factor ETF Shows Signs of Oversold Condition
Recent Trading Highlights
In Friday’s trading session, the Fidelity Low Volatility Factor ETF (Symbol: FDLO) saw its shares drop to a low of $60.27 each, signaling an oversold condition in the market. Analysts use the Relative Strength Index (RSI), which measures momentum on a scale from zero to 100, to determine oversold stocks. An RSI reading below 30 indicates a stock is oversold.
For FDLO, the current RSI reading stands at 28.2, compared to the S&P 500’s 39.7. This information suggests that heavy selling may be nearing its end, potentially creating buying opportunities for bullish investors.
Performance Metrics
Reviewing the one-year performance chart, FDLO’s 52-week low is $52.16, while its high is $63.1855. The latest trade recorded at $60.71 indicates a decrease of approximately 0.7% for the day.
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Related Information:
Average Annual Return
VABK shares outstanding history
Institutional Holders of IAI
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
