iShares Treasury Bond ETF Hits Oversold Levels Amid Heavy Selling
On Wednesday, iShares 10-20 Year Treasury Bond ETF (Symbol: TLH) shares dropped into oversold territory, trading as low as $97.11 per share. Oversold territory is defined by the Relative Strength Index (RSI), a key technical analysis metric measuring momentum on a scale of zero to 100. A stock is considered oversold if the RSI falls below 30.
Currently, TLH’s RSI reading stands at 28.6, contrasting sharply with the S&P 500’s RSI of 63.8. This lower RSI may suggest to bullish investors that the recent intense selling pressure is nearing its end, potentially providing buy-side entry points.
An analysis of TLH’s one-year performance shows a low point of $96.95 per share within its 52-week range and a high point of $111.83. As of the latest trade, TLH shares are priced at $97.26, reflecting a decline of approximately 1.4% for the day.
Investors may also want to explore other oversold stocks.
Additional Information:
- Top Ten Hedge Funds Holding KRNL
- HMN Next Dividend Date
- Crown Castle Average Annual Return
The views and opinions expressed herein are solely those of the author and do not necessarily reflect those of Nasdaq, Inc.
