Understanding Oversold Stocks: EXACT Sciences Corp’s RSI Analysis

Warren Buffett famously advises investors to be fearful when others are greedy, and to be greedy when others are fearful. One reliable way to gauge the current market sentiment is through the Relative Strength Index (RSI), a technical analysis tool that measures momentum on a scale from zero to 100. An RSI reading below 30 indicates that a stock may be oversold.

EXACT Sciences Corp Hits Oversold Territory

In trading on Thursday, shares of EXACT Sciences Corp. (Symbol: EXAS) fell into oversold conditions, marking an RSI of 26.8. The stock traded as low as $42.43 per share. This contrasts with the S&P 500 ETF’s (SPY) current RSI of 29.6. A bullish investor may interpret EXAS’s 26.8 RSI as a signal that the recent aggressive selling may be nearing its end, prompting them to seek potential buying opportunities.

EXAS Stock Performance Overview

Examining the performance chart, EXAS’s 52-week low is recorded at $40.624 per share, while the 52-week high is $79.62. Currently, the stock’s last traded price is $42.52, indicating it is positioned significantly below its yearly peak.

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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.