Warren Buffett’s investment strategy emphasizes being fearful when others are greedy and greedy when others are fearful. On Friday, Charter Communications Inc (Symbol: CHTR) saw its shares hit an oversold status with a Relative Strength Index (RSI) reading of 29.0, after trading as low as $316.53 per share. This contrasts sharply with the S&P 500 ETF’s current RSI of 68.4, indicating that heavy selling might be nearing exhaustion.
In terms of price performance, CHTR’s 52-week low stands at $315.02, while its 52-week high is $458.30, with the latest trade recorded at $319.23 per share. This data suggests potential entry points for bullish investors if they interpret the oversold condition positively.
