On Tuesday, shares of the iShares Paris-Aligned Climate Optimized MSCI USA ETF (PABU) dropped to $70.41, entering oversold territory with a Relative Strength Index (RSI) reading of 27.8. A stock is classified as oversold when the RSI falls below 30; for comparison, the S&P 500’s RSI is currently at 39.3.
PABU’s 52-week performance shows a low of $52.49 and a high of $74.72, with the latest trade at $70.39, reflecting a daily decrease of approximately 2.6%. The recent heavy selling could signal to bullish investors potential entry points for buying.
