BSCK Crowded With Sellers
In the case of Guggenheim BulletShares 2020 Corporate Bond, the RSI reading has hit 29.2 — by comparison, the RSI reading for the S&P 500 is currently 46.9.
A bullish investor could look at BSCK's 29.2 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), BSCK's low point in its 52 week range is $19.96 per share, with $21.75 as the 52 week high point — that compares with a last trade of $20.09. Guggenheim BulletShares 2020 Corporate Bond shares are currently trading down about 1.3% on the day.