Warren Buffett’s investment philosophy emphasizes being fearful when others are greedy and vice versa. Recent trading data for American Homes 4 Rent (AMH) indicates a significant level of market fear, as its Relative Strength Index (RSI) dropped to 26.4 on Friday, indicating it is oversold. This followed a dip in share price to $27.275. In comparison, the S&P 500 ETF (SPY) had an RSI of 28.8.
AMH shares recently traded at $27.38, near its 52-week low of $27.215 and far from its high of $39.49, highlighting a potential opportunity for bullish investors.
