Shares Of FLTR Now Oversold
In the case of Investment Grade Floating Rate, the RSI reading has hit 28.5 — by comparison, the RSI reading for the S&P 500 is currently 38.4.
A bullish investor could look at FLTR's 28.5 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), FLTR's low point in its 52 week range is $23.08 per share, with $26.03 as the 52 week high point — that compares with a last trade of $24.85. Investment Grade Floating Rate shares are currently trading down about 0.5% on the day.