Physical Platinum Shares Oversold

Forbes reported ETFs of physical platinum shares have entered oversold territory.

As quoted in the market news:

In the case of ETFS Physical Platinum Shares, the RSI reading has hit 25.5 — by comparison, the RSI reading for the S&P 500 is currently 41.4.

A bullish investor could look at PPLT’s 25.5 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.

Click here to read the full Forbes report.