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.

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

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

More from Stocks

Regulators May Have Just Set in Motion a Huge Banking Industry Merger Wave

Regulators May Have Just Set in Motion a Huge Banking Industry Merger Wave

Tesla Model 3 Outsells BMW, Mercedes Equivalents in California

Tesla Model 3 Outsells BMW, Mercedes Equivalents in California

Stocks Trade Lower as Optimism Wanes Over China Trade Talks

Stocks Trade Lower as Optimism Wanes Over China Trade Talks

Did Trump Just Torpedo the Stock Market Again?

Did Trump Just Torpedo the Stock Market Again?

10 Questions for PayPal Ahead of Its Big Investor Day

10 Questions for PayPal Ahead of Its Big Investor Day