WisdomTree India Earnings Fund ETF Shows Oversold Indicators

In trading on Thursday, shares of the WisdomTree India Earnings Fund ETF (Symbol: EPI) fell into oversold territory, trading as low as $40.89 per share. Oversold territory is identified using the Relative Strength Index (RSI), a technical analysis tool that measures momentum on a scale from zero to 100. A stock is typically classified as oversold when its RSI reading drops below 30.

For the WisdomTree India Earnings Fund, the current RSI reading stands at 29.8. In comparison, the S&P 500 is reporting an RSI of 40.4.

From a bullish perspective, investors may interpret the 29.8 RSI reading of EPI as an indication that the recent wave of selling could be nearing its end, which might present potential buying opportunities.

Examining EPI’s one-year performance, its 52-week low is recorded at $40.885 per share, while the 52-week high is $50.99, juxtaposed against the last trade of $40.89. Currently, the WisdomTree India Earnings Fund shares are down approximately 1.4% for the day.

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

Also See:

• ETFs Holding CHKE
• LSTR Options Chain
• Fulcrum Therapeutics Next Earnings Date

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