Legendary investor Warren Buffett’s principle of being fearful when others are greedy is exemplified in recent trading data for Mediwound Ltd. (Symbol: MDWD). On Wednesday, MDWD shares recorded an oversold Relative Strength Index (RSI) of 28.3, signaling heavy selling pressure, with shares trading as low as $12.61.
For context, the S&P 500 ETF (SPY) currently has an RSI of 53.4. MDWD’s share price is significantly below its 52-week high of $20.30, with the last trade at $12.70. Investors may interpret the low RSI as an opportunity for potential buying as the selling momentum appears to be exhausting.
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