iShares Russell 2000 Growth (IWO) Enters Oversold Territory

AAPL TSLA AMZN META AMD NVDA PEP COST ADBE GOOG AMGN HON INTC INTU NFLX ADP SBUX MRNA AAPL TSLA AMZN META AMD NVDA PEP COST ADBE GOOG AMGN HON INTC INTU NFLX ADP SBUX MRNA AAPL TSLA AMZN META AMD NVDA PEP COST ADBE GOOG AMGN HON INTC INTU NFLX ADP SBUX MRNA Markets IWO iShares Russell 2000 Growth (IWO) Enters Oversold Territory January 25, 2022 — 11:03 am EST Written by BNK Invest for BNK Invest-> In trading on Tuesday, shares of the iShares Russell 2000 Growth ETF (Symbol: IWO) entered into oversold territory, changing hands as low as $243.82 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 Russell 2000 Growth, the RSI reading has hit 27.1 — by comparison, the RSI reading for the S&P 500 is currently 24.4. A bullish investor could look at IWO's 27.1 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), IWO's low point in its 52 week range is $237.8388 per share, with $339.91 as the 52 week high point — that compares with a last trade of $246.54. iShares Russell 2000 Growth shares are currently trading down about 2.7% on the day. Free Report: Top 7%+ Dividends (paid monthly) Find out what 9 other oversold stocks you need to know about » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Tags MarketsStocksETFs BNK Invest BNK Invest Inc. provides investment services and information. BNK Invest owns and operates a market news family of websites including DividendChannel, ETFChannel, StockOptionsChannel, and others, which make up an investor community featuring stock message boards, ratings, research, and strategies. BNK Invest caters to investing firms and individual investors internationally. CTB shares outstanding history-> ZHDG Videos-> EFAD shares outstanding history-> More articles by this source-> Stocks mentioned IWO More Related Articles This data feed is not available at this time. Data is currently not available • Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.