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On Monday, shares of the Global X US Preferred ETF (PFFD) traded as low as $18.76, entering oversold territory with a Relative Strength Index (RSI) reading of 29.4. This indicator suggests that the stock has faced significant selling pressure, with a stock considered oversold when the RSI falls below 30.
PFFD’s performance reveals a 52-week range with a low of $17.81 and a high of $20.57. As of the latest trade, PFFD is down approximately 0.8% for the day, compared to the S&P 500’s RSI of 40.9.
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