Warren Buffett’s Wisdom Applied: Air Liquide Hits Oversold Levels
Famed investor Warren Buffett often says to be cautious when the market is greedy and to seize opportunities when there is fear. A tool used by traders to gauge market fear is the Relative Strength Index (RSI). This technical analysis indicator measures stock momentum on a scale from zero to 100, where a reading below 30 indicates that a stock is considered oversold.
On Tuesday, during trading, shares of Air Liquide (Symbol: AIQUY) reached an RSI of 25.3, indicating they are in oversold territory. The shares traded as low as $33.77. In contrast, the S&P 500 ETF (SPY) has a current RSI of 66.8. For bullish investors, this low RSI reading for AIQUY might suggest that the significant selling pressure is starting to wane, which could present potential buying opportunities. Below is the one-year performance chart for AIQUY shares:
Examining the chart, AIQUY has experienced a 52-week low of $32.3455 and a high of $39.54. The most recent trade price stands at $33.77, indicating it remains within its yearly range.
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
