IAGG Crowded With Sellers

In trading on Thursday, shares of the iShares Core International Aggregate Bond ETF (IAGG) entered into oversold territory, changing hands as low as $52.17 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 International Aggregate Bond, the RSI reading has hit 27.7 — by comparison, the RSI reading for the S&P 500 is currently 59.2.

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

A bullish investor could look at IAGG's 27.7 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), IAGG's low point in its 52 week range is $50.02 per share, with $54.18 as the 52 week high point — that compares with a last trade of $52.34. iShares Core International Aggregate Bond shares are currently trading off about 0.2% on the day.

iShares Core International Aggregate Bond 1 Year Performance Chart

More from Stocks

Why Millennials Are Ditching Stocks for ETFs

Why Millennials Are Ditching Stocks for ETFs

Trump's 'Space Force' Could Launch a $1 Trillion Industry, Morgan Stanley Says

Trump's 'Space Force' Could Launch a $1 Trillion Industry, Morgan Stanley Says

Abiomed Stock Should Rise Some 12% From Here, Piper Jaffray Analyst Says

Abiomed Stock Should Rise Some 12% From Here, Piper Jaffray Analyst Says

Video: Here Is Why Carvana Isn't Worried About Amazon

Video: Here Is Why Carvana Isn't Worried About Amazon

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech