Daily 7-10 Year Treasury Bear 3x Shares (TYO) Enters Oversold Territory
In the case of Daily 7-10 Year Treasury Bear 3x Shares, the RSI reading has hit 29.2 — by comparison, the RSI reading for the S&P 500 is currently 57.7.
A bullish investor could look at TYO's 29.2 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), TYO's low point in its 52 week range is $21.42 per share, with $26.80 as the 52 week high point — that compares with a last trade of $21.45. Daily 7-10 Year Treasury Bear 3x Shares shares are currently trading off about 1% on the day.