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IXJ Crowded With Sellers
Thursday, August 10, 3:54 PM ET, by Market News Video Staff

In trading on Thursday, shares of the iShares Global Healthcare ETF (IXJ) entered into oversold ...

IXJ, TMO, ANTM, AET: Large Outflows Detected at ETF
Tuesday, November 21, 11:02 AM ET, by Market News Video Staff

Symbols mentioned in this story: IXJ, TMO, ANTM, AET Exchange traded funds (ETFs) trade just ...

iShares S&P Global Healthcare Sector Index Fund (IXJ) Enters Oversold Territory

By Market News Video Staff, Thursday, May 17, 3:41 PM ET
Play Video: Learn About The RSI


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In trading on Thursday, shares of the iShares S&P Global Healthcare Sector Index Fund ETF (AMEX:IXJ) entered into oversold territory, changing hands as low as $57.97 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 S&P Global Healthcare Sector Index Fund, the RSI reading has hit 28.7 by comparison, the RSI reading for the S&P 500 is currently 24.7.

A bullish investor could look at IXJ's 28.7 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), IXJ's low point in its 52 week range is $49.32 per share, with $60.92 as the 52 week high point that compares with a last trade of $58.08. iShares S&P Global Healthcare Sector Index Fund shares are currently trading off about 0.7% on the day.

iShares S&P Global Healthcare Sector Index Fund 1 Year Performance Chart


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iShares S&P Global Healthcare Sector Index Fund (IXJ) Enters Oversold Territory | Market News Video | Copyright © 2008 - 2018, All Rights Reserved

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