VDC

VDC Crosses Critical Technical Indicator

In trading on Monday, shares of the Vanguard Consumer Staples ETF (Symbol: VDC) entered into oversold territory, changing hands as low as $211.0901 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 Vanguard Consumer Staples, the RSI reading has hit 29.0 — by comparison, the RSI reading for the S&P 500 is currently 72.3. A bullish investor could look at VDC's 29.0 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), VDC's low point in its 52 week range is $202.955 per share, with $226.7252 as the 52 week high point — that compares with a last trade of $211.34. Vanguard Consumer Staples shares are currently trading off about 0.8% on the day.

Vanguard Consumer Staples 1 Year Performance Chart

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

Also see:
• XC Videos
• GRI market cap history
• Funds Holding BAFN

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

More Related Articles

Info icon

This data feed is not available at this time.

Data is currently not available

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.