EBND Crowded With Sellers
In the case of SPDR Barclays Emerging Markets Local Bond, the RSI reading has hit 28.1 — by comparison, the RSI reading for the S&P 500 is currently 58.8.
A bullish investor could look at EBND's 28.1 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), EBND's low point in its 52 week range is $29.53 per share, with $33.57 as the 52 week high point — that compares with a last trade of $32.36. SPDR Barclays Emerging Markets Local Bond shares are currently trading off about 0.3% on the day.