iShares S&P Mid-Cap 400 Value ETF Hits Oversold Indicator

During trading on Thursday, shares of the iShares S&P Mid-Cap 400 Value ETF (Symbol: IJJ) fell into oversold territory, reaching a low of $113.65 per share. The Relative Strength Index (RSI), a key technical analysis tool, defines oversold conditions with a reading below 30. This indicator measures momentum on a scale from zero to 100.

For iShares S&P Mid-Cap 400 Value, the RSI reading is currently at 29.9. In contrast, the S&P 500’s RSI stands at 30.7. Investors who are bullish may view IJJ’s 29.9 reading as a sign that recent heavy selling might be nearing its end, suggesting potential entry points for buyers.

Examining its annual performance, IJJ reached a low of $109.1201 per share over the past 52 weeks, with a peak of $136.42. The most recent trading price is $113.68, indicating that the iShares S&P Mid-Cap 400 Value ETF is down approximately 6.3% on the day.

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Also See:

• Historical EPS
• HOTR Historical Stock Prices
• FAST Average Annual Return

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