In the case of iShares MSCI Frontier 100, the RSI reading has hit 27.8 — by comparison, the RSI reading for the S&P 500 is currently 48.5.
A bullish investor could look at FM's 27.8 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), FM's low point in its 52 week range is $21.61 per share, with $27.00 as the 52 week high point — that compares with a last trade of $24.39. iShares MSCI Frontier 100 shares are currently trading off about 0.5% on the day.
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