WisdomTree Emerging Markets SmallCap Fund Hits Oversold Mark
On Friday, trading activity revealed shares of the WisdomTree Emerging Markets SmallCap Dividend Fund ETF (Symbol: DGS) slipping into oversold territory, as prices dipped to $47.63 each. This classification comes from assessing the Relative Strength Index (RSI), a tool that gauges stock momentum from 0 to 100. An RSI below 30 indicates a stock may be oversold.
The WisdomTree fund’s RSI currently sits at 28.2. For comparison, the S&P 500’s RSI is higher at 40.5, suggesting not all markets are behaving similarly.
Bullish investors may perceive the 28.2 RSI as a signal that the ongoing sell-off is losing steam, presenting potential buying opportunities.
An examination of the fund’s annual performance reveals that the lowest price in its 52-week range is $47.261 per share, while the highest has reached $54.405. As of the last transaction, shares are trading at $47.75, reflecting a decline of approximately 1.9% for the day.
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Also see:
- Institutional Holders of EMBB
- Fidelity National Information Services 13F Filers
- OLMA Stock Predictions
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
