Brazil Mid Cap Getting Very Oversold
In the case of Brazil Mid Cap, the RSI reading has hit 27.7 — by comparison, the RSI reading for the S&P 500 is currently 46.9.
A bullish investor could look at BRAZ's 27.7 reading as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.
Looking at a chart of one year performance (below), BRAZ's low point in its 52 week range is $12.11 per share, with $16.78 as the 52 week high point — that compares with a last trade of $12.61. Brazil Mid Cap shares are currently trading off about 3.4% on the day.