Warren Buffett’s Wisdom: A Look at Oversold Cadre Holdings
Legendary investor Warren Buffett famously advises, “Be fearful when others are greedy, and be greedy when others are fearful.” This principle can help investors make decisions, especially in uncertain markets. One tool to gauge the level of fear around a stock is the Relative Strength Index (RSI), which assesses momentum on a scale from zero to 100. When the RSI drops below 30, a stock is deemed oversold.
Cadre Holdings Shows Signs of Being Oversold
On Monday, shares of Cadre Holdings Inc (Symbol: CDRE) fell into oversold territory, registering an RSI of 29.9 after reaching a low of $30.9135 per share. In contrast, the S&P 500 ETF (SPY) has a current RSI reading of 55.9. For bullish investors, CDRE’s RSI of 29.9 could signal that recent intense selling is beginning to fatigue, suggesting it might be time to look for buying opportunities.
Performance Snapshot
The chart below illustrates the one-year performance of CDRE shares:
From the chart, CDRE’s 52-week low stands at $29.185 per share, while the annual high reached $40.28. The latest trade of CDRE stock settled at $31.04.
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Also see:
- Stock Options Channel
- F Price Target
- MYDX Options Chain
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
