IShares MSCI Mexico Capped Investable Market Index Fund Getting Very Oversold
In the case of iShares MSCI Mexico Capped Investable Market Index Fund, the RSI reading has hit 29.8 — by comparison, the RSI reading for the S&P 500 is currently 71.2.
A bullish investor could look at EWW's 29.8 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), EWW's low point in its 52 week range is $53.49 per share, with $76.80 as the 52 week high point — that compares with a last trade of $67.73. iShares MSCI Mexico Capped Investable Market Index Fund shares are currently trading down about 2.5% on the day.