Legendary investor Warren Buffett’s advice highlights the importance of fear and greed in the stock market. As a measure of market sentiment, the Relative Strength Index (RSI) indicates whether a stock may be oversold when its reading falls below 30.
On Monday, shares of European Aeronautic Defense (Symbol: EADSF) reached an RSI of 29.0, entering oversold territory as the stock traded as low as $198 per share. In contrast, the S&P 500 ETF (SPY) maintained an RSI of 44.9. EADSF’s 52-week trading range is from a low of $145 to a high of $259, with the last trading price at $200.
