Legendary investor Warren Buffett’s approach to market volatility is exemplified by the recent trading activity of Ferrari NV (Symbol: RACE). On Friday, the stock’s Relative Strength Index (RSI) fell to 29.8, indicating it is in oversold territory, as shares traded as low as $344.91. For context, the S&P 500 ETF (SPY) maintains a higher RSI of 57.8.
Ferrari’s shares have a 52-week low of $344.89 and a high of $519.10, with the last trade recorded at $345.23. The current RSI reading suggests that the recent heavy selling pressure may be nearing exhaustion, presenting potential buying opportunities for bullish investors.
