Investors Watch for Potential Recovery in iBonds—Dec 2030
On Wednesday, the iShares—iBonds—Dec 2030 Term Corporate ETF (Symbol: IBDV) saw its shares dip to an oversold position, trading as low as $21.6117. The oversold status is determined by the Relative Strength Index (RSI), a popular technical analysis tool that gauges a stock’s momentum on a scale from 0 to 100. An RSI below 30 signals that a stock is oversold.
Currently, the RSI for IBDV stands at 28.3, while the S&P 500 boasts a much healthier RSI of 59.0. This lower RSI reading may indicate to bullish investors that the recent intense selling is beginning to stabilize, suggesting potential buying opportunities may be on the horizon.
Examining IBDV’s performance over the past year, the ETF’s lowest price during that period was $19.94 per share, with a peak at $22.37. The last recorded trade for IBDV was $21.62, reflecting a slight decline of about 0.3% for the day.
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