On Monday, shares of Box Inc (Symbol: BOX) dropped into oversold territory with a Relative Strength Index (RSI) reading of 29.9, trading as low as $30.98 per share. The current RSI of the S&P 500 ETF (SPY) is at 62.5. Investors may see the low RSI as a potential buying opportunity, suggesting that the recent heavy selling may be exhausting itself.
The 52-week range for BOX shares has been between $27.18 and $38.80, with the last trade recorded at $31.04.
