In trading on Friday, shares of the TLTX ETF (Symbol: TLTX) dropped to $22.53, entering oversold territory with a Relative Strength Index (RSI) reading of 29.5. A stock is considered oversold when the RSI falls below 30; in comparison, the S&P 500 has an RSI of 75.7.
The 52-week performance range for TLTX highlights a low of $22.51 and a high of $27.74. Currently, TLTX shares are down approximately 1.7% for the day, suggesting that bullish investors may view this recent heavy selling as a potential entry point for buying.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
