In trading on Monday, the iShares Inflation Hedged Corporate Bond ETF (LQDI) shares fell to $25.7252, entering oversold territory with a Relative Strength Index (RSI) reading of 29.8, below the critical threshold of 30. In comparison, the S&P 500 has an RSI of 46.9, indicating stronger momentum.
LQDI’s price is at the lower end of its 52-week range, with a low of $25.7252 and a high of $27.20. The ETF is currently down about 0.2% for the day, possibly signaling an opportunity for bullish investors to consider entry points as the selling pressure may be exhausting.
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