Warren Buffett’s investment principle to be fearful when others are greedy—and vice versa—highlights market sentiment shifts. Recently, Marzetti Co (MZTI) shares reached an oversold level, recording a Relative Strength Index (RSI) of 29.3 in Friday trading, with prices dropping as low as $153.06 per share. For context, the S&P 500 ETF (SPY) holds a current RSI of 50.5.
MZTI’s 52-week trading range shows a low of $152.945 and a high of $198.39, with the most recent trade at $153.10. Investors may interpret the low RSI as a sign that selling pressure is waning, indicating potential buy opportunities.
