Vanguard Industrials ETF Enters Oversold Territory: What It Means for Investors
On Monday, the Vanguard Industrials ETF (Symbol: VIS) saw its shares drop into oversold territory, with prices hitting as low as $252.15 each. Oversold territory is identified using the Relative Strength Index (RSI), a popular tool in technical analysis that gauges momentum on a scale from zero to 100. An RSI reading below 30 indicates a stock is oversold.
For Vanguard Industrials, the current RSI sits at 26.9, notably lower than the S&P 500’s reading of 39.2. This suggests that the recent sell-off might be reaching its limit, presenting potential buying opportunities for bullish investors.
Examining the performance over the past year, VIS has a 52-week low of $211.77 and a high of $280.625, with the last trade recorded at $252.94. Currently, Vanguard Industrials shares are down about 1.9% for the day.
Discover other oversold stocks worth your attention »
Also see:
- Top Ten Hedge Funds Holding ABDC
- Institutional Holders of STCE
- Top Ten Hedge Funds Holding NMHI
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
