In the case of LeaderShares Dynamic Yield, the RSI reading has hit 29.6 — by comparison, the RSI reading for the S&P 500 is currently 44.8. A bullish investor could look at DYLD's 29.6 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), DYLD's low point in its 52 week range is $22.245 per share, with $22.92 as the 52 week high point — that compares with a last trade of $22.25. LeaderShares Dynamic Yield shares are currently trading off about 0.2% on the day.
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Further DYLD Research:
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