On Monday, shares of Oxford Lane Capital Corp (OXLC) fell into oversold territory, registering a Relative Strength Index (RSI) of 29.2 after reaching a low of $4.20 per share. In contrast, the S&P 500 ETF (SPY) had an RSI of 67.3, indicating a significant difference in market momentum. Investors may interpret OXLC’s RSI as a potential opportunity to buy amidst a selling exhaustion.
Over the past 52 weeks, OXLC has seen a low of $3.91 and a high of $5.68, with the latest trade at $4.20.
