In trading on Friday, shares of the SLW Short Duration Income ETF (Symbol: SLWS) reached an oversold status, trading as low as $100.63 per share. The Relative Strength Index (RSI) for SLWS fell to 23.6, considerably below the critical threshold of 30, indicating potential exhaustion of selling pressure. In comparison, the S&P 500’s RSI is at 54.0.
The SLWS stock has a 52-week price range with a low of $100.47 and a high of $102.29, making the current last trade of $100.63 reflect a decline of approximately 0.5% for the day. Investors may see the low RSI as an opportunity for potential buying.
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