ECH Crosses Critical Technical Indicator
In the case of iShares MSCI Chile Capped Investable Market Index Fund, the RSI reading has hit 28.2 — by comparison, the RSI reading for the S&P 500 is currently 71.2.
A bullish investor could look at ECH's 28.2 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), ECH's low point in its 52 week range is $57.58 per share, with $68.02 as the 52 week high point — that compares with a last trade of $59.38. iShares MSCI Chile Capped Investable Market Index Fund shares are currently trading off about 1.1% on the day.