DLN Crowded With Sellers

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In trading on Thursday, shares of the WisdomTree LargeCap Dividend Fund ETF (Symbol: DLN) entered into oversold territory, changing hands as low as $68.7103 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 LargeCap Dividend Fund, the RSI reading has hit 28.8 - by comparison, the RSI reading for the S&P 500 is currently 32.2. A bullish investor could look at DLN's 28.8 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), DLN's low point in its 52 week range is $59.85 per share, with $71.79 as the 52 week high point - that compares with a last trade of $68.80. WisdomTree LargeCap Dividend Fund shares are currently trading off about 0.7% on the day.


WisdomTree LargeCap Dividend Fund 1 Year Performance Chart

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



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.




This article appears in: Investing , ETFs

Referenced Stocks: DLN

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