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On Monday, The Consumer Staples Select Sector SPDR Fund ETF (XLP) shares dipped to $77.375, entering oversold territory with a Relative Strength Index (RSI) reading of 29.9. An RSI below 30 indicates an oversold condition; for context, the S&P 500 has an RSI of 72.3.
XLP’s 52-week low is $75.605, with a high of $84.35, and its last trading price was $77.47, reflecting a decline of approximately 0.8% for the day. Investors may view the current RSI as a potential entry point for buying amid recent selling pressures.
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