DLS Crosses Critical Technical Indicator

In trading on Tuesday, shares of the International SmallCap Values ETF ( DLS) entered into oversold territory, changing hands as low as $62.6501 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 International SmallCap Values, the RSI reading has hit 29.9 — by comparison, the RSI reading for the S&P 500 is currently 34.9.

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

A bullish investor could look at DLS's 29.9 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), DLS's low point in its 52 week range is $55.48 per share, with $66.27 as the 52 week high point — that compares with a last trade of $62.73. International SmallCap Values shares are currently trading off about 1.4% on the day.

International SmallCap Values 1 Year Performance Chart

If you liked this article you might like

DLS Crowded With Sellers

A Leverage-Free Version of the Risk Parity Portfolio

Get Fat Yields With Foreign Dividend Funds

Royce's, WisdomTree's Secret Fund Formula

Royce's, WisdomTree's Secret Fund Formula

ETFs That Give You Foreign Small-Cap Exposure

ETFs That Give You Foreign Small-Cap Exposure