IShares Barclays MBS Bond Fund (MBB) Enters Oversold Territory
In the case of iShares Barclays MBS Bond Fund, the RSI reading has hit 28.9 — by comparison, the RSI reading for the S&P 500 is currently 72.4.
A bullish investor could look at MBB's 28.9 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), MBB's low point in its 52 week range is $107.21 per share, with $109.46 as the 52 week high point — that compares with a last trade of $107.21. iShares Barclays MBS Bond Fund shares are currently trading off about 0.2% on the day.