Shares Of YANG Now Oversold
In the case of Daily China Bear 3x Shares, the RSI reading has hit 29.6 — by comparison, the RSI reading for the S&P 500 is currently 46.0.
A bullish investor could look at YANG's 29.6 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), YANG's low point in its 52 week range is $30.62 per share, with $82.00 as the 52 week high point — that compares with a last trade of $32.16. Daily China Bear 3x Shares shares are currently trading down about 1.3% on the day.