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On Monday, shares of the Direxion Daily Semiconductors Bear 3x Shares ETF (SOXS) fell to $3.80, entering oversold territory with a Relative Strength Index (RSI) reading of 29.9, below the threshold of 30. In contrast, the S&P 500’s RSI stands at 59.1.
SOXS’s 52-week range is between $3.77 and $53.43, with the last trade at $3.79, reflecting a 6% decline on the day.
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