KBW Premium Yield Equity REIT Portfolio Getting Very Oversold
In trading on Thursday, shares of the KBW Premium Yield Equity REIT Portfolio ETF (KBWY) entered into oversold territory, changing hands as low as $30.052 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 KBW Premium Yield Equity REIT Portfolio, the RSI reading has hit 29.1 — by comparison, the RSI reading for the S&P 500 is currently 46.4.
A bullish investor could look at KBWY's 29.1 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), KBWY's low point in its 52 week range is $25.62 per share, with $36.50 as the 52 week high point — that compares with a last trade of $30.05. KBW Premium Yield Equity REIT Portfolio shares are currently trading down about 2.3% on the day.
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