WisdomTree U.S. MidCap Dividend Fund ETF Hits Oversold Levels

On Wednesday, shares of the WisdomTree U.S. MidCap Dividend Fund ETF (Symbol: DON) fell into oversold territory, trading as low as $48.65 per share. We define oversold territory using the Relative Strength Index (RSI), a technical analysis tool that gauges momentum on a scale from zero to 100. A stock is considered oversold if its RSI reading drops below 30.

For the WisdomTree U.S. MidCap Dividend Fund, the current RSI reading stands at 29.3, slightly below the S&P 500’s RSI of 29.7. This lower RSI may indicate to bullish investors that the recent heavy selling could be nearing its end, prompting them to search for potential buying opportunities.

Performance Overview

Reviewing the one-year performance of DON, we find that it has experienced a low of $45.4536 per share and a high of $55.92 during the past 52 weeks. As of the latest trade, the shares are priced at $48.55, reflecting a decline of approximately 0.5% for the day.

Discover 9 additional oversold stocks that may be worth your attention »

Explore more on:

• Top Stocks Held By Nelson Peltz
• Top Ten Hedge Funds Holding NCB
• JG Videos

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