There were no changes to the suite of DWS models this week, so we’ll look at the Xtrackers MSCI EAFE High Dividend Yield Equity ETF ([HDEF]).
There were no changes to the suite of DWS models this week, so we’ll look at the Xtrackers MSCI EAFE High Dividend Yield Equity ETF (HDEF). International equities, as represented by HDEF, continue to offer compelling opportunities for income-focused investors. HDEF currently holds a solid fund score of 4.63 and is trading on six consecutive buy signals. The fund recently moved to a new all-time high in December, breaking above $31. Multiple support levels are nearby between $28.25 and $29.75, providing a cushion for potential pullbacks. Investors considering new positions may find HDEF appealing, given its combination of income potential, international diversification, and strong technical backdrop. HDEF is actionable at current levels but is getting close to heavily overbought territory with a weekly overbought/oversold reading of 66%, so be mindful when initiating a new position.
