On Friday, shares of International Flavors & Fragrances Inc. (IFF) fell into oversold territory, recording a Relative Strength Index (RSI) of 29.8 after trading as low as $69.11 per share. In contrast, the S&P 500 ETF (SPY) has an RSI of 49.2. This signifies that the recent selling may be exhausting, potentially indicating a buying opportunity for investors.
Over the past year, IFF’s shares have fluctuated between a low of $65.85 and a high of $106.77, with the latest trade settling at $69.88 per share.
