Warren Buffett’s investment philosophy emphasizes being cautious during market exuberance and opportunistic during downturns. Recently, Amazon.com Inc (AMZN) saw its Relative Strength Index (RSI) fall to 27.2, indicating it has entered oversold territory. This drop occurred on Friday, with shares trading as low as $200.31.
For context, the S&P 500 ETF (SPY) has an RSI of 50.5. AMZN’s 52-week performance shows a low of $161.38 and a high of $258.60, with the latest trading price at $205.47. Investors may view the low RSI as a potential buying opportunity amid recent sell-offs.
