Warren Buffett’s investment philosophy of caution during greedy market conditions has relevance in the latest trading activity. On Thursday, shares of First Advantage Corp (Ticker: FA) recorded an oversold Relative Strength Index (RSI) of 29.5, indicating that selling pressure may be nearing exhaustion. The stock was trading as low as $18.13 per share, closing at $18.24, markedly below its 52-week high of $20.75 and above its low of $12.80.
In contrast, the S&P 500 ETF (SPY) has a current RSI reading of 61.8, further emphasizing FA’s relative position in market sentiment. Investors seeking potential buy opportunities may view FA’s technical indicators as a signal for re-entry.
