IGV ETFs Experience Oversold Conditions in Tech-Software Sector

Avatar photo

“`html

On Tuesday, shares of the iShares Expanded Tech-Software Sector ETF (IGV) hit an oversold territory, trading as low as $103.84 per share, with a Relative Strength Index (RSI) reading of 29.3. A stock is considered oversold when the RSI is below 30, and for context, the S&P 500’s RSI is currently at 38.4.

IGV’s 52-week performance shows a low of $76.68 and a high of $117.99. As of the latest trade, IGV shares are down about 1.4% on the day, closing at $104.02.

“`

The free Daily Market Overview 250k traders and investors are reading

Read Now