Warren Buffett’s investment philosophy highlights the importance of market sentiment, advising caution when others are overly optimistic. On Tuesday, October 3, DaVita Inc (Symbol: DVA) experienced significant selling pressure, leading to a Relative Strength Index (RSI) of 24.8, indicating the stock is in oversold territory, as it traded as low as $106.60 per share. In contrast, the S&P 500 ETF (SPY) has a current RSI of 63.4.
DaVita’s stock price is hovering near its 52-week low of $105.79, with a high of $179.60. The last recorded trade for DVA was $105.90, suggesting potential interest for bullish investors seeking entry points amidst the recent volatility.
