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On Monday, shares of Stonex Group Inc (Symbol: SNEX) reached an oversold status with a Relative Strength Index (RSI) reading of 28.8 after trading as low as $85.50 per share. This contrasts with an RSI of 61.7 for the S&P 500 ETF (SPY), indicating significant selling pressure on SNEX.
SNEX’s 52-week low is $59.87, while its high is $106.98, with a most recent trade at $86.69. Investors may view the oversold condition as a potential opportunity to buy.
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