Simplify Managed Futures Strategy (CTA) Enters Oversold Territory

In the case of Simplify Managed Futures Strategy, the RSI reading has hit 27.9 — by comparison, the RSI reading for the S&P 500 is currently 61.5. A bullish investor could look at CTA's 27.9 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), CTA's low point in its 52 week range is $26.36 per share, with $32.76 as the 52 week high point — that compares with a last trade of $27.87. Simplify Managed Futures Strategy shares are currently trading down about 1.5% on the day.

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