In trading on Tuesday, shares of the Leverage Shares 2X Long FIG Daily ETF (FIGG) fell to an oversold level, reaching a low of $0.8115 per share. The Relative Strength Index (RSI) for FIGG was measured at 29.5, below the oversold threshold of 30, while the S&P 500’s RSI was significantly higher at 65.6.
Over the past year, FIGG has seen a 52-week range from a low of $0.8115 to a high of $16.34, with the last trade recorded at $0.8932. Currently, FIGG shares are trading down about 7.1% for the day, reflecting a pattern of heavy recent selling that some investors may view as a potential buying opportunity.
