In the case of First Trust US Equity Opportunities, the RSI reading has hit 29.8 — by comparison, the RSI reading for the S&P 500 is currently 40.4. A bullish investor could look at FPX's 29.8 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), FPX's low point in its 52 week range is $94.13 per share, with $174.68 as the 52 week high point — that compares with a last trade of $155.58. First Trust US Equity Opportunities shares are currently trading down about 2.2% on the day.
Click here to find out what 9 other oversold dividend stocks you need to know about »
Also see:
Healthcare Dividend Stock List AD shares outstanding history
Kinder Morgan shares outstanding history
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
