Vanguard Mid-Cap ETF Approaches Oversold Territory in Friday Trading

During trading on Friday, the shares of the Vanguard Mid-Cap ETF (Symbol: VO) dipped into oversold territory, reaching a low of $260.01 per share. We define oversold status using the Relative Strength Index (RSI), a technical analysis tool that quantifies momentum on a scale from zero to 100. A stock is considered oversold if its RSI reading falls below 30.

For Vanguard Mid-Cap, the RSI reading now stands at 29.8, compared to the S&P 500’s RSI of 33.2.

This 29.8 RSI figure may signal to bullish investors that the recent pressure from heavy selling could be waning, prompting them to seek favorable entry points for purchase.

Evaluating the one-year performance chart below, we note that the 52-week low for VO is $234.18 per share, while its high point is $285.60. The most recent trade occurred at $259.96, indicating that Vanguard Mid-Cap shares are currently trading down approximately 0.3% for the day.

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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.