SPDR S&P 400 Mid Cap Value ETF Hits Oversold Status
MDYV Stock Trading at $79.27 Signals Potential Rebound Opportunity
During trading on Monday, shares of the SPDR S&P 400 Mid Cap Value ETF (Symbol: MDYV) fell to a low of $79.27 per share, indicating an oversold condition. The Relative Strength Index (RSI), a tool used by traders to gauge momentum, shows readings from 0 to 100. A stock is deemed oversold if the RSI drops below 30.
For MDYV, the current RSI is at 27.6, notably lower than the S&P 500’s RSI of 42.9. This lower reading might suggest that the recent selling pressure is beginning to wane, potentially offering bullish investors a chance to buy as the stock stabilizes.
Reviewing MDYV’s performance over the past year, the stock’s 52-week low is $69.88, while the high is $87.8066. With the most recent trade at $79.52, shares are down approximately 1.1% for the day.
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Additional Information:
- Historical EPS
- NBST shares outstanding history
- EVE Average Annual Return
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
