Legendary investor Warren Buffett’s advice to be cautious when others are greedy resonates in today’s market as shares of Aptiv PLC (Symbol: APTV) enter oversold territory, registering a Relative Strength Index (RSI) of 23.3 on Thursday. The stock traded as low as $56.35 per share, significantly below its 52-week high of $91.66, and closing at $57.27.
In comparison, the S&P 500 ETF (SPY) holds an RSI of 44.1. Investors might view APTV’s low RSI as a signal for potential buying opportunities, indicating that recent heavy selling may be nearing exhaustion.
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