FEU Crowded With Sellers
In the case of SPDR STOXXEurope 50, the RSI reading has hit 27.1 — by comparison, the RSI reading for the S&P 500 is currently 38.4.
A bullish investor could look at FEU's 27.1 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), FEU's low point in its 52 week range is $27.76 per share, with $36.51 as the 52 week high point — that compares with a last trade of $32.92. SPDR STOXXEurope 50 shares are currently trading down about 0.1% on the day.