In trading on Wednesday, shares of the Congress Intermediate Bond ETF (CAFX) fell to $24.1493, entering oversold territory with a Relative Strength Index (RSI) reading of 29.97. An RSI below 30 indicates a stock is considered oversold; for comparison, the S&P 500’s RSI is currently at 42.6.
CAFX’s performance over the last year shows a 52-week low of $24.14 and a high of $25.26. As of the latest trade, CAFX is down approximately 0.1% on the day. Investors may view the current RSI reading as a potential signal to consider buying, suggesting that the selling pressure may be easing.
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