In trading on Friday, shares of the Leverage Shares 2X Long NU Daily ETF (NUG) fell to an oversold territory, trading as low as $7.25 per share. The Relative Strength Index (RSI) for NUG registered at 26.1, indicating significant selling pressure, while the S&P 500’s RSI was notably higher at 75.7. An RSI below 30 typically signals overselling in the market.
NUG’s 52-week trading range has seen a low of $7.25 and a high of $20.43, with the last trade recorded at $7.68. The shares are currently down approximately 10.8% for the day. Investors may consider this low RSI reading as a potential opportunity for buying, as heavy selling may be nearing its end.
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