Warren Buffett advises investors to be cautious during times of greed and opportunistic when fear prevails. On Friday, CACI International Inc (Symbol: CACI) saw its Relative Strength Index (RSI) drop to 28.5, indicating oversold territory, as shares traded as low as $474.90. In contrast, the S&P 500 ETF (SPY) maintained an RSI of 54.8.
CACI’s 52-week performance highlights a low of $314.06 and a high of $588.26, with the last trade recorded at $472.44. The decrease in CACI’s RSI could suggest that the heavy selling may be nearing its end, presenting potential buying opportunities for investors.
