ADRD Crowded With Sellers
In the case of BLDRS Developed Markets 100 ADR Index Fund, the RSI reading has hit 28.9 — by comparison, the RSI reading for the S&P 500 is currently 38.4.
A bullish investor could look at ADRD's 28.9 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), ADRD's low point in its 52 week range is $17.69 per share, with $23.63 as the 52 week high point — that compares with a last trade of $21.21. BLDRS Developed Markets 100 ADR Index Fund shares are currently trading off about 1.8% on the day.