Featured MNV Articles:

KOMP Crowded With Sellers

Play Video: Learn About The RSI If the video does not load after a few moments, Upgrade to the Latest Flash Player.

Free Email Alerts By Stock: Get Dividend Alerts Get SEC Filing Alerts

In trading on Wednesday, shares of the SPDR S&P Kensho New Economies Composite ETF (NYSE:KOMP) entered into oversold territory, changing hands as low as $43.67 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 SPDR S&P Kensho New Economies Composite, the RSI reading has hit 29.8 — by comparison, the RSI reading for the S&P 500 is currently 34.7.

A bullish investor could look at KOMP's 29.8 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), KOMP's low point in its 52 week range is $36.2301 per share, with $48.43 as the 52 week high point — that compares with a last trade of $43.91. SPDR S&P Kensho New Economies Composite shares are currently trading down about 0.4% on the day.