On Wednesday, shares of Intuitive Surgical Inc (ISRG) hit an oversold Relative Strength Index (RSI) of 28.8 after trading as low as $495.45 per share. In contrast, the S&P 500 ETF (SPY) has an RSI reading of 72.4.
ISRG’s 52-week low is $425 per share, with a high of $616. The recent performance suggests that heavy selling may be nearing exhaustion, potentially indicating a buying opportunity for investors.
