Shares of VOX Now Oversold - Vanguard Communication Services ETF (ARCA:VOX)

In trading on Friday, shares of the Vanguard Telecommunication Services ETF (VOX) entered into oversold territory, changing hands as low as $93.99 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 Telecommunication Services, the RSI reading has hit 26.6 — by comparison, the RSI reading for the S&P 500 is currently 48.5.

A bullish investor could look at VOX's 26.6 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), VOX's low point in its 52 week range is $76.01 per share, with $102.05 as the 52 week high point — that compares with a last trade of $94.38. Vanguard Telecommunication Services shares are currently trading down about 0.9% on the day.

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