DOO Crowded With Sellers

In trading on Friday, shares of the WisdomTree International Dividend ex-Financials Fund ETF ( DOO) entered into oversold territory, changing hands as low as $36.615 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 WisdomTree International Dividend ex-Financials Fund, the RSI reading has hit 29.9 — by comparison, the RSI reading for the S&P 500 is currently 57.0.

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

A bullish investor could look at DOO'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), DOO's low point in its 52 week range is $33.84 per share, with $40.14 as the 52 week high point — that compares with a last trade of $36.74. WisdomTree International Dividend ex-Financials Fund shares are currently trading off about 0.8% on the day.

WisdomTree International Dividend ex-Financials Fund 1 Year Performance Chart

If you liked this article you might like

DOO Crosses Critical Technical Indicator

Finding Fatter Yields Abroad: SDY vs. FGD

ETFs Without the Financial Headache

A Low-Volatility Twist on 'Core and Explore'

2 ETFs Do Well Without Financial Stocks