S&P SmallCap Utilities Portfolio Getting Very Oversold
In the case of S&P SmallCap Utilities Portfolio, the RSI reading has hit 28.9 — by comparison, the RSI reading for the S&P 500 is currently 38.4.
A bullish investor could look at PSCU's 28.9 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), PSCU's low point in its 52 week range is $28.14 per share, with $36.08 as the 52 week high point — that compares with a last trade of $31.18. S&P SmallCap Utilities Portfolio shares are currently trading down about 1.7% on the day.