On Friday, shares of the iShares Core Growth Allocation ETF (Symbol: AOR) traded as low as $56.96 each, entering an oversold position. The Relative Strength Index (RSI)—a tool used in technical analysis—helps determine momentum on a scale from zero to 100. A stock becomes oversold when its RSI falls below 30.
The current RSI for the iShares Core Growth Allocation ETF is at 27.6, significantly lower than the S&P 500’s RSI reading of 39.7. This drop might catch the attention of bullish investors, indicating that heavy selling could be concluding, and presenting potential buying opportunities.
Looking at AOR’s performance over the past year, the ETF hit a low of $52.07 per share and a high of $59.77. The most recent trade was at $57.38, reflecting a slight daily decrease of about 1%.
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Also see:
- Historical Stock Price
- Institutional Holders of SDAC
- AHP Insider Buying
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
