In trading on Thursday, shares of the Vanguard Mega Cap Growth ETF (MGK) reached an oversold status, with prices dipping to $295.88 per share. The Relative Strength Index (RSI) for MGK is currently at 29.2, indicating heavy selling, while the S&P 500 has an RSI of 30.7. Typically, an RSI below 30 signals that a stock is oversold.
Over the past year, MGK has experienced a 52-week low of $266.99 and a high of $358.64, with the latest trade at $296.12, reflecting a decline of approximately 5.6% on the day. Investors might view the low RSI as an opportunity to enter the market as recent selling pressure wanes.
