IShares Core U.S. Value Getting Very Oversold

In trading on Thursday, shares of the iShares Core U.S. Value ETF (IUSV) entered into oversold territory, changing hands as low as $127.61 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 Core U.S. Value, the RSI reading has hit 28.2 — by comparison, the RSI reading for the S&P 500 is currently 32.2.

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

A bullish investor could look at IUSV's 28.2 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), IUSV's low point in its 52 week range is $110.25 per share, with $134.15 as the 52 week high point — that compares with a last trade of $127.61. iShares Core U.S. Value shares are currently trading down about 0.6% on the day.

iShares Core U.S. Value 1 Year Performance Chart

More from Stocks

Why Google, Facebook and Other Tech Giants' Capital Spending Is Going Sky High

Why Google, Facebook and Other Tech Giants' Capital Spending Is Going Sky High

Three Big Factors That Rocked the Stock Market Tuesday

Three Big Factors That Rocked the Stock Market Tuesday

Dow Tumbles Over 400 Points; S&P 500 and Nasdaq Also Finish Lower

Dow Tumbles Over 400 Points; S&P 500 and Nasdaq Also Finish Lower

Harley-Davidson CEO: Bold Actions to Boost Performance Coming This Summer

Harley-Davidson CEO: Bold Actions to Boost Performance Coming This Summer

Why a Global Stock Market Crash Is Coming

Why a Global Stock Market Crash Is Coming