The fund, which has a 12-month yield of 3.6%, sits at its most oversold level in over a year, and is also at lateral support at $110 a share, Coe said.
“Longs are worth considering with a target back up to the top of the seven month range at $125. A sustained break of $110 could be used as a stop-loss,” the analyst wrote in a newsletter.
iShares Barclays 20+ Year Treasury Bond Fund
