Invesco BulletShares 2027 Corporate Bond (BSCR) Enters Oversold Territory

In trading on Monday, shares of the Invesco BulletShares 2027 Corporate Bond ETF (Symbol: BSCR) entered into oversold territory, changing hands as low as $19.58 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 Invesco BulletShares 2027 Corporate Bond, the RSI reading has hit 27.1 — by comparison, the RSI reading for the S&P 500 is currently 39.9.

A bullish investor could look at BSCR’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), BSCR’s low point in its 52 week range is $19.41 per share, with $19.80 as the 52 week high point — that compares with a last trade of $19.59. Invesco BulletShares 2027 Corporate Bond shares are currently trading off about 0.3% on the day.

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Also see:

• Stock RSI
• HYIN Average Annual Return
• Utilities Stocks Hedge Funds Are Selling

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.