In trading on Tuesday, shares of the iShares Barclays TIPS Bond Fund ETF (TIP) entered into oversold territory, changing hands as low as $119.28 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 Barclays TIPS Bond Fund, the RSI reading has hit 29.3 — by comparison, the RSI reading for the S&P 500 is currently 70.3.
IShares Barclays TIPS Bond Fund Getting Very Oversold
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