BWZ Crowded With Sellers

In trading on Monday, shares of the SPDR Barclays Short Term International Treasury Bond ETF (BWZ) entered into oversold territory, changing hands as low as $35.572 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 SPDR Barclays Short Term International Treasury Bond, the RSI reading has hit 26.8 — by comparison, the RSI reading for the S&P 500 is currently 66.6.

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A bullish investor could look at BWZ's 26.8 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), BWZ's low point in its 52 week range is $34.95 per share, with $36.83 as the 52 week high point — that compares with a last trade of $35.61. SPDR Barclays Short Term International Treasury Bond shares are currently trading off about 0.2% on the day.

SPDR Barclays Short Term International Treasury Bond 1 Year Performance Chart

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