In the case of CGMU, the RSI reading has hit 28.3 — by comparison, the RSI reading for the S&P 500 is currently 59.6. A bullish investor could look at CGMU's 28.3 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), CGMU's low point in its 52 week range is $25.32 per share, with $27.54 as the 52 week high point — that compares with a last trade of $27.07. CGMU shares are currently trading down about 0.5% on the day.
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