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On Friday, shares of the iShares U.S. Aerospace & Defense ETF (ITA) traded as low as $195.91, entering oversold territory with a Relative Strength Index (RSI) reading of 28.6, below the 30 threshold. This contrasts with the S&P 500’s RSI of 37.1, indicating significant recent selling pressure.
ITA’s 52-week performance shows a low of $129.14 and a high of $220.79, with the latest share price at $197.20. The shares are currently trading flat on the day.
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