On Wednesday, shares of Gibraltar Industries Inc (Symbol: ROCK) fell into oversold territory with a Relative Strength Index (RSI) reading of 28.8, signaling heavy selling pressure. The stock traded as low as $61.56 per share, compared to a 52-week high of $87.40, while its latest trade registered at $61.91.
In contrast, the S&P 500 ETF (SPY) recorded an RSI of 44.6. Investors may consider the low RSI reading of ROCK as an indicator that the recent selling may be nearing its end, potentially presenting buying opportunities.
