Warren Buffett’s investment strategy emphasizes caution when market sentiment is high and opportunity when it dips. Recently, shares of CorVel Corp (CRVL) have entered oversold territory, with a Relative Strength Index (RSI) reading of 29.8 as of Friday, indicating a potential point for bullish investors to consider buying. The stock traded as low as $65.61 per share.
CorVel Corp’s current price of $65.74 is close to its 52-week low of $65.54, while its 52-week high stands at $128.61. In contrast, the S&P 500 ETF (SPY) has an RSI of 53.2, suggesting that CRVL’s recent heavy selling may be nearing its end.
