Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Shares Of ITIP Now Oversold

Tickers in this article: ITIP
In trading on Monday, shares of the iShares International Inflation-Linked Bond Fund ETF entered into oversold territory, changing hands as low as $47.791 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.

In the case of iShares International Inflation-Linked Bond Fund, the RSI reading has hit 29.4 — by comparison, the RSI reading for the S&P 500 is currently 54.5.

START SLIDESHOW:
Find out what 9 other oversold stocks you need to know about »

A bullish investor could look at ITIP's 29.4 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 $47.95. iShares International Inflation-Linked Bond Fund shares are currently trading down about 0.5% on the day.

iShares International Inflation-Linked Bond Fund 1 Year Performance Chart