CMBS Crowded With Sellers
In the case of iShares CMBS, the RSI reading has hit 29.7 — by comparison, the RSI reading for the S&P 500 is currently 55.1.
A bullish investor could look at CMBS's 29.7 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), CMBS's low point in its 52 week range is $49.78 per share, with $52.53 as the 52 week high point — that compares with a last trade of $50.50. iShares CMBS shares are currently trading off about 0.2% on the day.