iShares Core 10+ Year USD Bond ETF Enters Oversold Territory

On Wednesday, trading activity revealed that shares of the iShares Core 10+ Year USD Bond ETF (Symbol: ILTB) dipped into oversold territory, reaching a low of $47.18 per share. Oversold conditions are identified using the Relative Strength Index (RSI), an indicator that measures momentum on a scale from zero to 100. A stock is deemed oversold when its RSI falls below 30.

Currently, the RSI reading for the iShares Core 10+ Year USD Bond ETF stands at 29.0. In contrast, the S&P 500’s RSI is lower at 22.7. A bullish investor might interpret ILTB’s RSI of 29.0 as indicative of a potential reversal, suggesting that the selling pressure may be tapering off, thereby creating entry point opportunities for buying.

Analyzing the performance over the past year, ILTB’s 52-week low is $47.18 per share, while its high reached $54.315. The latest trading price for ILTB is $47.29, reflecting a decrease of approximately 1.4% for the day.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.