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CWI Crowded With Sellers


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In trading on Wednesday, shares of the SPDR MSCI ACWI ex-US ETF (Symbol: CWI) entered into oversold territory, changing hands as low as $35.77 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 ACWI ex-US, the RSI reading has hit 28.7 - by comparison, the RSI reading for the S&P 500 is currently 34.7. A bullish investor could look at CWI's 28.7 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), CWI's low point in its 52 week range is $35.77 per share, with $42.01 as the 52 week high point - that compares with a last trade of $35.78. SPDR MSCI ACWI ex-US shares are currently trading off about 0.9% on the day.

SPDR MSCI ACWI ex-US 1 Year Performance Chart

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





This article appears in: Investing , ETFs
Referenced Symbols: CWI



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