On Monday, shares of the iShares Latin America 40 ETF (Symbol: ILF) fell into oversold territory, trading at a low of $20.97 each. Oversold conditions are defined using the Relative Strength Index (RSI), a tool that measures stock momentum on a scale from zero to 100. A stock is deemed oversold when its RSI drops below 30.
Currently, the iShares Latin America 40 ETF has an RSI reading of 29.3, while the S&P 500’s RSI stands at 42.9. For bullish investors, this 29.3 reading could indicate that the recent selling pressure is losing steam, suggesting it might be a good time to explore buying opportunities.
Reviewing ILF’s performance over the past year reveals a 52-week low of $20.86 and a high of $29.37. The last trade for ILF was at $21.01, showing a decrease of about 1.3% on the day.
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Additional Resources:
- High Dividend Stocks
- Institutional Holders of MTSC
- PIII Stock Predictions
The views and opinions expressed herein are the author’s own and do not necessarily reflect those of Nasdaq, Inc.
