PowerShares S&P Emerging Markets Low Volatility Portfolio (EELV) Enters Oversold Territory

In trading on Thursday, shares of the PowerShares S&P Emerging Markets Low Volatility Portfolio ETF (EELV) entered into oversold territory, changing hands as low as $25.3907 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 PowerShares S&P Emerging Markets Low Volatility Portfolio, the RSI reading has hit 28.3 — by comparison, the RSI reading for the S&P 500 is currently 49.6.

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

A bullish investor could look at EELV's 28.3 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), EELV's low point in its 52 week range is $24.38 per share, with $29.82 as the 52 week high point — that compares with a last trade of $25.44. PowerShares S&P Emerging Markets Low Volatility Portfolio shares are currently trading down about 1.1% on the day.

PowerShares S&P Emerging Markets Low Volatility Portfolio 1 Year Performance Chart

More from Stocks

Starbucks Stock Performance in 2018: -12%

Starbucks Stock Performance in 2018: -12%

Dow Logs Eighth Straight Drop as Stocks Slump

Dow Logs Eighth Straight Drop as Stocks Slump

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

Burger King Issues Apology After Massive World Cup Promotional Fail

Burger King Issues Apology After Massive World Cup Promotional Fail

The Winners and Losers in Thursday's Market

The Winners and Losers in Thursday's Market