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On Monday, Sable Offshore Corp (Symbol: SOC) shares entered oversold territory with a Relative Strength Index (RSI) reading of 28.8, trading as low as $21.99. This contrasts with the S&P 500 ETF (SPY) RSI of 57.4. An RSI below 30 indicates a stock is considered oversold, suggesting potential buying opportunities for bullish investors.
Over the past year, SOC shares have ranged from a low of $16.26 to a high of $35, with the last trade recorded at $22.05.
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