In trading on Monday, shares of the Direxion Daily LMT Bull 2X ETF (LMTL) reached oversold territory, trading as low as $40.985 per share. The Relative Strength Index (RSI) for LMTL dropped to 29.5, indicating oversold conditions, while the S&P 500’s RSI stood at a much healthier 69.5. This suggests that the heavy selling pressure on LMTL might be waning.
LMTL has experienced significant volatility over the past year, with a 52-week low of $24.58 and a high of $59.71. Currently, the ETF is trading approximately 3.7% lower on the day, with its last traded price at $40.95.
