On Tuesday, Bausch Health Companies Inc (BHC) shares reached an RSI of 29.8, indicating oversold conditions as the stock traded as low as $24.06 per share. The S&P 500 ETF (SPY) currently has an RSI of 49.0. This decline suggests that heavy selling of BHC stock may be nearing exhaustion, potentially presenting buying opportunities for investors.
BHC’s 52-week trading range shows a low of $18.52 and a high of $34.80, with the last trade at $24.06. The significant drop in RSI could signal a turnaround in investor interest as market conditions fluctuate.
