Shares of FIBR Now Oversold

In trading on Wednesday, shares of the iShares Edge U.S. Fixed Income Balanced Risk ETF ( FIBR) entered into oversold territory, changing hands as low as $98.32 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 Edge U.S. Fixed Income Balanced Risk, the RSI reading has hit 27.4 — by comparison, the RSI reading for the S&P 500 is currently 66.6.

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A bullish investor could look at FIBR's 27.4 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), FIBR's low point in its 52 week range is $96.37 per share, with $103.58 as the 52 week high point — that compares with a last trade of $98.59. iShares Edge U.S. Fixed Income Balanced Risk shares are currently trading down about 0.3% on the day.

iShares Edge U.S. Fixed Income Balanced Risk 1 Year Performance Chart

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