In trading on Tuesday, shares of the Direxion Daily S&P 500 High Beta Bear 3X ETF (HIBS) reached an oversold status with a price as low as $22.49 per share. The Relative Strength Index (RSI) for HIBS was recorded at 28.6, indicating oversold conditions (an RSI below 30), while the S&P 500’s RSI stood at 73.6.
Over the past year, HIBS has experienced a low point of $22.49 and a high of $135.50, with its last trade at $22.88, reflecting a decline of approximately 7.7% 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.
