Shares Of ITIP Now Oversold
In the case of iShares International Inflation-Linked Bond Fund, the RSI reading has hit 28.5 — by comparison, the RSI reading for the S&P 500 is currently 71.2.
A bullish investor could look at ITIP'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), ITIP's low point in its 52 week range is $44.72 per share, with $52.11 as the 52 week high point — that compares with a last trade of $49.47. iShares International Inflation-Linked Bond Fund shares are currently trading down about 0.7% on the day.