Vanguard Consumer Discretionary Becomes Very Oversold


During Wednesday’s trading, shares of the Vanguard Consumer Discretionary ETF (Ticker: VCR) entered oversold territory, changing hands as low as $213.73 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 oversold if the RSI reading falls below 30.

In the case of Vanguard Consumer Discretionary, the RSI reading reached 29.9 – in comparison, the RSI reading for the S&P 500 is currently 38.0. A bullish investor might take VCR’s 29.9 reading as a sign that the recent selloff is running out of steam and starting to look for entry point opportunities on the buy side.

Looking at a one-year performance chart (below), VCR’s low point in its 52-week range is $213.73 per share, with $350.80 as its 52-week high – compare with a final trade of $214.17. Vanguard Consumer Discretionary shares are currently trading around 1% lower on the day.

Vanguard Consumer Discretionary 1-Year Performance Chart

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


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