More Videos:

Shares Of FXS Now Oversold

Tickers in this article: FXS
In trading on Tuesday, shares of the Swedish Krona Trust ETF entered into oversold territory, changing hands as low as $149.7399 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.

In the case of Swedish Krona Trust, the RSI reading has hit 29.0 — by comparison, the RSI reading for the S&P 500 is currently 56.1.

Find out what 9 other oversold stocks you need to know about »

A bullish investor could look at FXS's 29.0 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), FXS's low point in its 52 week range is $136.26 per share, with $158.38 as the 52 week high point — that compares with a last trade of $149.74. Swedish Krona Trust shares are currently trading off about 1.5% on the day.

Swedish Krona Trust 1 Year Performance Chart