Vanguard S&P Small-Cap 600 ETF Hits Oversold Levels
Vanguard S&P Small-Cap 600 ETF (Symbol: VIOO) shares dipped into oversold territory on Monday when they traded as low as $104.75 each. This status is defined by the Relative Strength Index (RSI), a tool that gauges momentum on a scale from zero to 100. A stock is deemed oversold when its RSI falls below 30.
For VIOO, the RSI stands at 29.6, while the S&P 500 has an RSI of 39.2. This suggests that VIOO may be experiencing significant sell-off pressure, a sign many investors monitor closely.
For those with a bullish perspective, the low RSI reading could signal an end to the recent selling trend, presenting a potential buying opportunity.
Examining VIOO’s performance over the past year, the ETF has reached a low of $92.93 per share and a high of $119.04. Currently, the last trade price is $105.06, reflecting a slight decline of about 1.5% for the day.
Click here to discover nine additional oversold dividend stocks worth considering »
Additional Resources:
- Major Stocks Held By Joel Greenblatt
- MASI Market Capitalization History
- Top Ten Hedge Funds Holding TSLT
The views and opinions expressed herein are those of the author and do not necessarily represent the views of Nasdaq, Inc.
