WisdomTree Emerging Markets SmallCap Dividend Fund (DGS) Enters Oversold Territory

In trading on Tuesday, shares of the WisdomTree Emerging Markets SmallCap Dividend Fund ETF (Symbol: DGS) entered into oversold territory, changing hands as low as $49.9174 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 WisdomTree Emerging Markets SmallCap Dividend Fund, the RSI reading has hit 29.2 — by comparison, the RSI reading for the S&P 500 is currently 67.9. A bullish investor could look at DGS's 29.2 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), DGS's low point in its 52 week range is $45.57 per share, with $54.405 as the 52 week high point — that compares with a last trade of $49.93. WisdomTree Emerging Markets SmallCap Dividend Fund shares are currently trading down about 1.3% on the day.

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Also see:

• UTHR YTD Return
• Institutional Holders of PBS
• PRU Dividend History

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.