Vanguard Total Corporate Bond Fund ETF Enters Oversold Zone as Prices Fall
Investors Eye Buy Opportunities as RSI Indicates Heavy Selling
On Tuesday, shares of the Vanguard Total Corporate Bond Fund ETF (Symbol: VTC) dipped into oversold territory, trading as low as $75.4401 per share. Oversold conditions are determined by the Relative Strength Index (RSI), a tool used to gauge momentum on a scale of zero to 100. A stock is labeled oversold if its RSI falls below 30.
Currently, VTC’s RSI stands at 29.8, contrasting with the S&P 500’s more stable reading of 51.3. For bullish investors, this 29.8 reading might suggest that the recent steep selling is nearing its end, prompting them to seek potential buying opportunities.
A review of VTC’s performance over the past year shows a low point of $73.95 per share and a high of $79.92. As of the last trade, the share price sits at $75.51, reflecting a slight decline of about 0.5% on the day.
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Additional Resources:
- Construction Dividend Stock List
- FUNC Next Dividend Date
- CMII Market Cap History
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
