PowerShares S&P International Developed Low Volatility Portfolio Getting Very Oversold

In trading on Thursday, shares of the PowerShares S&P International Developed Low Volatility Portfolio ETF (IDLV) entered into oversold territory, changing hands as low as $28.5332 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 International Developed Low Volatility Portfolio, the RSI reading has hit 26.2 — by comparison, the RSI reading for the S&P 500 is currently 59.2.

START SLIDESHOW:
Click here to find out what 9 other oversold dividend stocks you need to know about »

A bullish investor could look at IDLV's 26.2 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), IDLV's low point in its 52 week range is $25.63 per share, with $31.46 as the 52 week high point — that compares with a last trade of $28.56. PowerShares S&P International Developed Low Volatility Portfolio shares are currently trading off about 1.8% on the day.

PowerShares S&P International Developed Low Volatility Portfolio 1 Year Performance Chart

More from Stocks

Micron CEO: Internet of Things and Data Economy Will Drive Company's Growth

Micron CEO: Internet of Things and Data Economy Will Drive Company's Growth

Tesla Model 3 Delivery Time Falls, but Will It Help the Stock?

Tesla Model 3 Delivery Time Falls, but Will It Help the Stock?

Baidu Stock Plummets After COO Qi Lu Resignation

Baidu Stock Plummets After COO Qi Lu Resignation

18 Top Stocks Hedge Funds Own That Goldman Sachs Thinks Will Keep Outperforming

18 Top Stocks Hedge Funds Own That Goldman Sachs Thinks Will Keep Outperforming

Dow Rises Sharply as U.S.-China Trade Tensions Thaw

Dow Rises Sharply as U.S.-China Trade Tensions Thaw