In trading on Tuesday, shares of the iShares Expanded Tech-Software Sector ETF (Ticker: IGV) fell into oversold territory, hitting a low of $96.045 per share. The Relative Strength Index (RSI) for IGV dropped to 29.7, indicating significant selling pressure. For context, the current RSI for the S&P 500 is 45.3, suggesting broader market strength compared to IGV.
Over the past year, IGV has experienced a low of $76.68 and a high of $117.99, with its last trade recorded at $96.90, reflecting a decline of about 1.2% on the day. Investors may view the oversold RSI as a potential buying opportunity if they believe the current trend of heavy selling is nearing its end.
