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On Friday, shares of the Invesco Dorsey Wright Momentum ETF (PDP) reached an oversold status, trading as low as $106.53 per share. The Relative Strength Index (RSI) for PDP fell to 29.0, indicating oversold conditions, while the S&P 500’s RSI is at 37.1.
PDP’s 52-week low stands at $86.41, with a high of $123.91. Currently, PDP shares are down approximately 1.8% for the day, last trading at $107.39.
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