Shares Of EMB Now Oversold
In the case of iShares J.P. Morgan USD Emerging Markets Bond Fund, the RSI reading has hit 28.8 — by comparison, the RSI reading for the S&P 500 is currently 54.6.
A bullish investor could look at EMB's 28.8 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), EMB's low point in its 52 week range is $108.50 per share, with $124.43 as the 52 week high point — that compares with a last trade of $118.01. iShares J.P. Morgan USD Emerging Markets Bond Fund shares are currently trading off about 0.3% on the day.