FLN Crosses Critical Technical Indicator
In the case of First Trust Latin America AlphaDEX Fund, the RSI reading has hit 29.97 — by comparison, the RSI reading for the S&P 500 is currently 49.9.
A bullish investor could look at FLN's 29.97 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), FLN's low point in its 52 week range is $21.19 per share, with $28.92 as the 52 week high point — that compares with a last trade of $22.27. First Trust Latin America AlphaDEX Fund shares are currently trading off about 2.7% on the day.