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On Thursday, shares of the Global X MLP & Energy Infrastructure ETF (MLPX) traded as low as $58.50, entering oversold territory with a Relative Strength Index (RSI) of 29.2, below the 30 threshold. In comparison, the S&P 500’s RSI stands at 50.4.
The ETF’s 52-week range shows a low of $53.54 and a high of $67.47, with the latest trade at $58.72, reflecting a decline of approximately 1.7% for the day.
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