Cohen & Steers Preferred and Income Opportunities Active Getting Very Oversold

In trading on Monday, shares of the Cohen & Steers Preferred and Income Opportunities Active ETF (Symbol: CSPF) entered into oversold territory, changing hands as low as $25.48 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 Cohen & Steers Preferred and Income Opportunities Active, the RSI reading has hit 26.6 — by comparison, the RSI reading for the S&P 500 is currently 55.0. A bullish investor could look at CSPF's 26.