In trading on Wednesday, shares of the iShares
In the case of iShares MSCI United Kingdom, the RSI reading has hit 28.6 — by comparison, the RSI reading for the S&P 500 is currently 41.0.
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A bullish investor could look at EWU's 28.6 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), EWU's low point in its 52 week range is $18.92 per share, with $22.11 as the 52 week high point — that compares with a last trade of $19.23. iShares MSCI United Kingdom shares are currently trading off about 0.7% on the day.
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