Legendary investor Warren Buffett advises being fearful when others are greedy and greedy when others are fearful. Simply Good Foods Company (SMPL) shares entered oversold territory on Friday, with a Relative Strength Index (RSI) reading of 29.7 after trading as low as $30.015 per share. This is significantly lower than the current RSI of 48.6 for the S&P 500 ETF (SPY).
SMPL’s 52-week low is $30.015, while the high is $40.525. The last trade price was $30.05, suggesting potential entry points for bullish investors as selling pressure may be exhausting.
