Legendary investor Warren Buffett’s advice to be fearful when others are greedy applies to the current trading situation of Latam Airlines Group S.A. (Symbol: LTM). On Monday, shares hit an oversold level with a Relative Strength Index (RSI) reading of 29.7, following trades as low as $51.68 per share. In contrast, the S&P 500 ETF (SPY) has an RSI of 47.3.
LTM’s 52-week trading range is notable, with a low of $26.36 and a high of $70.42, while the last recorded trade was at $51.90. Investors may interpret the low RSI as a potential buying opportunity amidst recent selling pressures.
