Guggenheim Active Allocation Fund Becomes Oversold

The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive. Guggenheim Active Allocation Fund (Symbol: GUG) presently has a stellar rank, in the top 10% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making Guggenheim Active Allocation Fund an even more interesting and timely stock to look at, is the fact that in trading on Tuesday, shares of GUG entered into oversold territory, changing hands as low as $14.22 per share.