Legendary investor Warren Buffett’s adage that one should “be fearful when others are greedy, and be greedy when others are fearful” resonates amid fluctuating market conditions. On Friday, shares of Coursera Inc (Symbol: COUR) saw the Relative Strength Index (RSI) drop to 29.7, indicating it entered oversold territory after trading as low as $7.11 per share. The S&P 500 ETF (SPY) has an RSI reading of 53.2, suggesting a significant divergence in momentum.
COUR’s 52-week range shows a low of $5.76 and a high of $13.56, with its last trade recorded at $7.08. This significant drop in RSI suggests that recent heavy selling might be nearing exhaustion, presenting potential buying opportunities for bullish investors.
