Vanguard Core Bond ETF Hits Oversold Levels Amid Market Fluctuations
On Tuesday, shares of the Vanguard Core Bond ETF (Symbol: VCRB) dipped into oversold territory, reaching a low of $75.41 per share. This situation is assessed using the Relative Strength Index (RSI), a tool that gauges stock momentum on a scale from zero to 100. A stock is considered oversold when its RSI falls below 30.
The Vanguard Core Bond’s RSI currently sits at 28.5, while the S&P 500’s RSI stands at a more stable 51.3. For investors with a bullish outlook, VCRB’s low RSI might signal that recent heavy selling is starting to wane, suggesting potential buying opportunities.
Analyzing VCRB’s performance over the past year shows a low of $74.22 and a high of $79.86, with the last trade recorded at $75.47. Currently, Vanguard Core Bond shares are down approximately 0.7% for the day.
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The views and opinions expressed herein are the opinions of the author and do not necessarily reflect those of Nasdaq, Inc.