JKF Crowded With Sellers

In trading on Monday, shares of the iShares Morningstar Large-Cap Value ETF (JKF) entered into oversold territory, changing hands as low as $82.14 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 Morningstar Large-Cap Value, the RSI reading has hit 29.7 — by comparison, the RSI reading for the S&P 500 is currently 35.8.

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

A bullish investor could look at JKF's 29.7 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), JKF's low point in its 52 week range is $75.46 per share, with $87.22 as the 52 week high point — that compares with a last trade of $82.53. iShares Morningstar Large-Cap Value shares are currently trading off about 0.7% on the day.

iShares Morningstar Large-Cap Value 1 Year Performance Chart

More from Stocks

It's Harvest Season for Tax Losses

It's Harvest Season for Tax Losses

Santa Claus Rally? Machines Render Old Stock Market Adages Worthless

Santa Claus Rally? Machines Render Old Stock Market Adages Worthless

Procter & Gamble Helps Lead Dow Jones After Upgrade From Morgan Stanley

Procter & Gamble Helps Lead Dow Jones After Upgrade From Morgan Stanley

Hey Investors, Don't Let the Bad Times Pollute Your Mind

Hey Investors, Don't Let the Bad Times Pollute Your Mind

Make This Dividend Aristocrat a Staple of Your Portfolio

Make This Dividend Aristocrat a Staple of Your Portfolio