SPDR MSCI EAFE StrategicFactors (QEFA) Enters Oversold Territory

In trading on Wednesday, shares of the SPDR MSCI EAFE StrategicFactors ETF (QEFA) entered into oversold territory, changing hands as low as $51.96 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 MSCI EAFE StrategicFactors, the RSI reading has hit 27.5 — by comparison, the RSI reading for the S&P 500 is currently 65.4.

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

A bullish investor could look at QEFA's 27.5 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), QEFA's low point in its 52 week range is $48.77 per share, with $59.99 as the 52 week high point — that compares with a last trade of $51.96. SPDR MSCI EAFE StrategicFactors shares are currently trading off about 0.6% on the day.

SPDR MSCI EAFE StrategicFactors 1 Year Performance Chart

More from Stocks

Tesla Is Taking Apple's Ecosystem Model Up a Notch

Tesla Is Taking Apple's Ecosystem Model Up a Notch

Dow Loses Steam as Yields Hover Near 3% Threshold

Dow Loses Steam as Yields Hover Near 3% Threshold

After Facebook, Google's Data Practices May Be Under Fire Next

After Facebook, Google's Data Practices May Be Under Fire Next

Video: Jim Cramer on What Trade Tariffs and Rising Rates Mean for Stocks

Video: Jim Cramer on What Trade Tariffs and Rising Rates Mean for Stocks

The Stock Market Isn't Rigged, Just Look At The Odds (VIDEO)

The Stock Market Isn't Rigged, Just Look At The Odds (VIDEO)