In trading on Wednesday, shares of the Direxion Daily MU Bull 2X Shares ETF (Symbol: MUU) hit an oversold status, trading as low as $28.85 per share. The Relative Strength Index (RSI) for MUU reached 28.8, indicating significant selling pressure; an RSI below 30 is considered oversold. In contrast, the S&P 500’s RSI is currently at 54.5.
MUU’s 52-week performance shows a range between $0.8365 and $62.64, with the latest trade at $31.31. On the day, MUU shares are down approximately 14.5%.
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