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On Friday, Honda Motor Co Ltd (Symbol: HMC) shares reached an oversold level with a Relative Strength Index (RSI) reading of 28.1, trading as low as $24.56 per share. This contrasts with the S&P 500 ETF (SPY) RSI of 24.8, indicating significant selling pressure.
HMC’s 52-week trading range is between $23.41 and $37.34, with the last trade recorded at $25.09. This performance may attract bullish investors looking for buying opportunities as selling momentum appears to be slowing.
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