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On Thursday, shares of NXP Semiconductors NV (Symbol: NXPI) fell into oversold territory with a Relative Strength Index (RSI) reading of 28.7, indicating heavy selling pressure. The shares traded as low as $186.39, while the current RSI of the S&P 500 ETF (SPY) stands at 25.0.
NXPI’s 52-week low is $159.805 and the high is $239.91, with the latest trade at $187.96. Investors may view the RSI as a potential opportunity for buying as selling momentum appears to be slowing.
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