IShares MSCI USA Value Factor (VLUE) Enters Oversold Territory

In trading on Tuesday, shares of the iShares MSCI USA Value Factor ETF ( VLUE) entered into oversold territory, changing hands as low as $61.8501 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 MSCI USA Value Factor, the RSI reading has hit 28.9 — by comparison, the RSI reading for the S&P 500 is currently 34.9.

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A bullish investor could look at VLUE'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), VLUE's low point in its 52 week range is $52.97 per share, with $64.33 as the 52 week high point — that compares with a last trade of $61.85. iShares MSCI USA Value Factor shares are currently trading down about 0.8% on the day.

iShares MSCI USA Value Factor 1 Year Performance Chart