Warren Buffett’s investment philosophy emphasizes caution when others are greedy and ambition when they are fearful. In trading on Wednesday, shares of O-I Glass Inc (Symbol: OI) fell into oversold territory, registering a Relative Strength Index (RSI) of 29.4 after hitting a low of $12.525 per share. This contrasts with the S&P 500 ETF’s current RSI of 64.5, suggesting that OI’s selling pressure might be waning.
In the past year, OI’s shares have ranged from a low of $9.227 to a high of $16.04, with the last trade recorded at $12.60.
