Legendary investor Warren Buffett’s strategy of being fearful when others are greedy recently applied to Fair Isaac Corp (FICO), as the company’s stock entered oversold territory with a Relative Strength Index (RSI) of 29.8 during trading on Thursday. FICO’s shares traded as low as $1,560, significantly below the 52-week high of $2,217.60, while the S&P 500 ETF (SPY) has an RSI of 64.9.
For context, FICO’s lowest point in the past year was $1,300, compared to a latest trade of $1,589.69, indicating a significant decline that may prompt bullish investors to consider potential buying opportunities as heavy selling pressure appears to wane.
