Warren Buffett’s investment strategy emphasizes caution during market exuberance and opportunism during downturns. On Tuesday, shares of Callaway Golf Company (Symbol: CALY) reached an RSI of 28.4, indicating oversold conditions, trading as low as $15.52 per share. This contrasts with the S&P 500 ETF (SPY), which has an RSI of 51.1, suggesting CALY’s heavy selling may be nearing exhaustion.
Over the past year, CALY’s stock has fluctuated between a low of $8.385 and a high of $20.28, with the last trade recorded at $15.47.
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