Shares of Molina Healthcare Inc (MOH) fell into oversold territory on Thursday, recording a Relative Strength Index (RSI) of 27.9 after trading as low as $297.90 per share. This is significant compared to the current RSI of the S&P 500 ETF (SPY), which stands at 43.3.
Molina’s 52-week performance shows a low point of $249.78 and a high of $374, with the last trade at $299.46. The low RSI reading may indicate that the recent selling pressure is subsiding, presenting potential buying opportunities for bullish investors.
