In trading on Friday, shares of the Global X Defense Tech ETF (Symbol: SHLD) fell to as low as $67.19, entering oversold territory with a Relative Strength Index (RSI) reading of 29.0. An RSI below 30 indicates an oversold condition, suggesting that the recent heavy selling may be slowing down. In comparison, the S&P 500 has an RSI of 68.4.
SHLD’s 52-week performance shows a low of $49.76 and a high of $78.49, with the last trade recorded at $67.57. The ETF is currently down approximately 2% for the day.
