WisdomTree Global Ex-US Real Estate Fund (DRW) Enters Oversold Territory

In trading on Thursday, shares of the WisdomTree Global ex-US Real Estate Fund ETF (DRW) entered into oversold territory, changing hands as low as $26.99 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 Global ex-US Real Estate Fund, the RSI reading has hit 23.3 — by comparison, the RSI reading for the S&P 500 is currently 40.3.

START SLIDESHOW:
Find out what 9 other oversold stocks you need to know about »

A bullish investor could look at DRW's 23.3 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), DRW's low point in its 52 week range is $25.06 per share, with $32.70 as the 52 week high point — that compares with a last trade of $27.10. WisdomTree Global ex-US Real Estate Fund shares are currently trading off about 4.7% on the day.

WisdomTree Global ex-US Real Estate Fund 1 Year Performance Chart

null

More from Stocks

Apple Suppliers Slide After European, Asian Chipmakers Echo Smartphone Concerns

Apple Suppliers Slide After European, Asian Chipmakers Echo Smartphone Concerns

Alphabet, Caterpillar, Coca-Cola and Amazon - 5 Things You Must Know

Alphabet, Caterpillar, Coca-Cola and Amazon - 5 Things You Must Know

Tech Stocks Have You Baffled? Educate Yourself in Some Portfolio Diversification

Tech Stocks Have You Baffled? Educate Yourself in Some Portfolio Diversification

Alphabet Shares Rise on Earnings, Revenue Beat But Some Concerns Remain

Alphabet Shares Rise on Earnings, Revenue Beat But Some Concerns Remain

Semiconductor Stocks Get Smashed Again as Earnings Weakness Continues