In trading on Thursday, shares of the Invesco Zacks Mid-Cap ETF (CZA) dropped to $108.73, entering oversold territory with a Relative Strength Index (RSI) reading of 29.1. An asset is considered oversold when the RSI falls below 30; the S&P 500’s RSI currently stands at 35.5.
CZA’s performance has seen a 52-week low of $90.08 and a high of $118.65, while it is down approximately 0.8% on the day. This oversold condition may signal potential buying opportunities for bullish investors.
