Chinese Yuan Dim Sum Bond Portfolio Getting Very Oversold

In trading on Tuesday, shares of the Chinese Yuan Dim Sum Bond Portfolio ETF (DSUM) entered into oversold territory, changing hands as low as $25.051 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 Chinese Yuan Dim Sum Bond Portfolio, the RSI reading has hit 22.1 — by comparison, the RSI reading for the S&P 500 is currently 58.7.

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

A bullish investor could look at DSUM's 22.1 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), DSUM's low point in its 52 week range is $23.73 per share, with $25.82 as the 52 week high point — that compares with a last trade of $25.06. Chinese Yuan Dim Sum Bond Portfolio shares are currently trading down about 0.8% on the day.

Chinese Yuan Dim Sum Bond Portfolio 1 Year Performance Chart

More from Stocks

One-on-One With Carnival Corporation CEO Arnold Donald (Watch)

One-on-One With Carnival Corporation CEO Arnold Donald (Watch)

Replay: Jim Cramer on the Markets, Tiffany, Micron Technology and Union Pacific

Replay: Jim Cramer on the Markets, Tiffany, Micron Technology and Union Pacific

Carnival CEO Arnold Donald: China Will Become the Largest Cruise Market

Carnival CEO Arnold Donald: China Will Become the Largest Cruise Market

Stocks Finish Higher After Release of Fed Minutes

Stocks Finish Higher After Release of Fed Minutes

Has Wall Street Completely Lost Its Mind on General Electric?

Has Wall Street Completely Lost Its Mind on General Electric?