WisdomTree Asia Local Debt Fund Getting Very Oversold

In trading on Wednesday, shares of the WisdomTree Asia Local Debt Fund ETF (ALD) entered into oversold territory, changing hands as low as $47.54 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 Asia Local Debt Fund, the RSI reading has hit 27.5 — by comparison, the RSI reading for the S&P 500 is currently 40.7.

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

A bullish investor could look at ALD's 27.5 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), ALD's low point in its 52 week range is $47.54 per share, with $53.59 as the 52 week high point — that compares with a last trade of $47.58. WisdomTree Asia Local Debt Fund shares are currently trading down about 0.4% on the day.

WisdomTree Asia Local Debt Fund 1 Year Performance Chart

null

More from Stocks

General Electric Extends Declines After Shares Dropped From the Dow

General Electric Extends Declines After Shares Dropped From the Dow

Stocks Rise, GE Dropped From the Dow, Starbucks, Oracle - 5 Things You Must Know

Stocks Rise, GE Dropped From the Dow, Starbucks, Oracle - 5 Things You Must Know

Why Starbucks Stock Is Being Pounded After Revealing 150 Store Closures

Why Starbucks Stock Is Being Pounded After Revealing 150 Store Closures

REPLAY: Jim Cramer on How to Navigate the Stock Market Amid Tariff Worries

REPLAY: Jim Cramer on How to Navigate the Stock Market Amid Tariff Worries

Jim Cramer: 4 Stocks Could Get Throttled By a 'Knock Down Drag Out' With China

Jim Cramer: 4 Stocks Could Get Throttled By a 'Knock Down Drag Out' With China