Vanguard S&P Small-Cap 600 Growth Getting Very Oversold

In trading on Friday, shares of the Vanguard S&P Small-Cap 600 Growth ETF (VIOG) entered into oversold territory, changing hands as low as $138 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 Vanguard S&P Small-Cap 600 Growth, the RSI reading has hit 29.7 — by comparison, the RSI reading for the S&P 500 is currently 32.0.

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

A bullish investor could look at VIOG'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), VIOG's low point in its 52 week range is $126.674 per share, with $154.03 as the 52 week high point — that compares with a last trade of $140.88. Vanguard S&P Small-Cap 600 Growth shares are currently trading off about 0.1% on the day.

Vanguard S&P Small-Cap 600 Growth 1 Year Performance Chart

More from Stocks

Dunkin' Donuts Drops 'Donuts' from Its Name (But Not Its Shelves)

Dunkin' Donuts Drops 'Donuts' from Its Name (But Not Its Shelves)

Bonds at Important Level as Market Awaits Fed Decision

Bonds at Important Level as Market Awaits Fed Decision

A Rally in This Sector Could Push the S&P 500 to 3,000

A Rally in This Sector Could Push the S&P 500 to 3,000

Striking Options: Fed, S&P 500, Crude Oil

Striking Options: Fed, S&P 500, Crude Oil

There's Actually a Correlation Between Economic Growth and Waste

There's Actually a Correlation Between Economic Growth and Waste