Warren Buffett’s investment philosophy suggests being fearful when others are greedy and vice versa. On Tuesday, shares of Insulet Corp (PODD) experienced significant selling pressure, driving the Relative Strength Index (RSI) down to 29.5, indicating oversold conditions. The stock traded as low as $261.95 per share, while the S&P 500 ETF (SPY) remains at an RSI of 58.9.
Insulet Corp’s 52-week trading range has seen a low of $230.05 and a high of $354.88, with the last trade recorded at $264.88. Investors may interpret the low RSI as a potential buying opportunity as the selling momentum could be nearing exhaustion.
