DGL Crosses Critical Technical Indicator
In the case of DB Gold Fund, the RSI reading has hit 27.1 — by comparison, the RSI reading for the S&P 500 is currently 44.2.
A bullish investor could look at DGL'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), DGL's low point in its 52 week range is $43.75 per share, with $61.82 as the 52 week high point — that compares with a last trade of $43.85. DB Gold Fund shares are currently trading down about 4.2% on the day.