Shares of WIP Now Oversold

In trading on Tuesday, shares of the SPDR DB International Government Inflation-Protected Bond ETF (WIP) entered into oversold territory, changing hands as low as $60.1401 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 DB International Government Inflation-Protected Bond, the RSI reading has hit 29.6 — by comparison, the RSI reading for the S&P 500 is currently 52.2.

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A bullish investor could look at WIP's 29.6 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), WIP's low point in its 52 week range is $57.13 per share, with $62.74 as the 52 week high point — that compares with a last trade of $60.42. SPDR DB International Government Inflation-Protected Bond shares are currently trading down about 0.7% on the day.

SPDR DB International Government Inflation-Protected Bond 1 Year Performance Chart

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