In trading on Friday, shares of the iShares Russell Top 200 Growth ETF (IWY) dropped to $153.44, marking an RSI reading of 28.4, which indicates the ETF is in oversold territory. This threshold, below 30, is considered a signal that downward momentum may be waning, as the S&P 500’s RSI stands at 28.8.
Over the past year, IWY has experienced a low of $125.74 and a high of $176.10, with its current value reflecting a decrease of approximately 2.2% for the day. The recent heavy selling may present potential buying opportunities for bullish investors.
