Independence Realty Trust Enters Oversold Territory, RSI Reading at 29.7

Independence Realty Trust (IRT) has entered oversold territory with an RSI reading of 29.7, below the oversold threshold of 30. The stock has hit a low of $15 per share. A bullish investor may see this as a sign that heavy selling is exhausting itself and look for entry point opportunities on the buy side. IRT's 52-week low is $14.90, with a 52-week high of $21.56.