On Monday, shares of Blue Bird Corp (NASDAQ: BLBD) fell into oversold territory, recording a Relative Strength Index (RSI) of 28.1 after trading as low as $58.76 per share. In contrast, the S&P 500 ETF (SPY) has an RSI of 50.5. This dip could indicate that the heavy selling pressure on BLBD is potentially easing.
The stock’s 52-week range shows a low of $46.14 and a high of $83.39, with the latest trade at $58.95.
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