In the case of DB Gold Double Long ETN, the RSI reading has hit 29.1 — by comparison, the RSI reading for the S&P 500 is currently 32.5. A bullish investor could look at DGP's 29.1 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), DGP's low point in its 52 week range is $81.07 per share, with $252.75 as the 52 week high point — that compares with a last trade of $154.48. DB Gold Double Long ETN shares are currently trading off about 7.7% on the day.
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Also see:
Historical Earnings QVAL YTD Return
Earnings History
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
