On Wednesday, the FNDC ETF (Symbol: FNDC) saw its shares plummet into oversold territory, trading as low as $35.075 each. The Relative Strength Index (RSI), a tool used by traders to assess stock momentum, indicates that a stock is oversold when its RSI falls below 30. Currently, FNDC’s RSI stands at 29.7, in stark contrast to the S&P 500’s RSI of 64.7.
This RSI reading could suggest to bullish investors that the substantial selling pressure on FNDC is waning, potentially leading them to seek out buying opportunities.
Examining FNDC’s one-year performance, we see that the stock has fluctuated between a low of $32.5224 and a high of $38.5523 over the past 52 weeks. As of the most recent trade, FNDC’s share price sits at $35.18, reflecting a slight decline of about 0.6% for the day.
Click here to explore nine other oversold dividend stocks to consider »
Also see:
- JEC Insider Buying
- EWCS Videos
- Institutional Holders of WDRW
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
