Invesco Dynamic Large Cap Growth (PWB) Enters Oversold Territory
Technical Analysis Channel Staff - Friday, March 5, 11:20 AM

In trading on Friday, shares of the Invesco Dynamic Large Cap Growth ETF (PWB) entered into oversold territory, changing hands as low as $62.99 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 Invesco Dynamic Large Cap Growth, the RSI reading has hit 28.7 — by comparison, the RSI reading for the S&P 500 is currently 42.5.

A bullish investor could look at PWB'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), PWB's low point in its 52 week range is $36.86 per share, with $73.4319 as the 52 week high point — that compares with a last trade of $62.99. Invesco Dynamic Large Cap Growth shares are currently trading down about 1.6% on the day.

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