On Monday, shares of the Direxion Daily Financial Bull 3X Shares ETF (FAS) reached an oversold status, trading as low as $129.26 per share. The Relative Strength Index (RSI) for FAS hit 29.4, indicating potential exhaustion in selling momentum. In comparison, the S&P 500’s RSI stands at 43.2.
FAS’s 52-week low is $92.66, with a high of $189.23, and the last trade occurred at $129.71, marking a decline of approximately 9.9% for the day. Investors may view this oversold condition as a potential buying opportunity as the ETF approaches its support level.
