Kraft Heinz Co (Symbol: KHC) shares hit an oversold level on Monday, with a Relative Strength Index (RSI) reading of 29.4 after trading as low as $25.60 per share. In comparison, the S&P 500 ETF (SPY) has an RSI of 67.3. The 52-week range for KHC is $25.57 to $36.53, with the last trade recorded at $25.61.
This RSI reading suggests that the recent heavy selling pressure on KHC may be nearing exhaustion, potentially providing bullish investors with an opportunity for entry.
