On Thursday, shares of Salesforce Inc (CRM) dropped into oversold territory with a Relative Strength Index (RSI) reading of 28.9, indicating significant selling pressure. The stock traded as low as $236.97 per share, while the S&P 500 ETF (SPY) maintained a higher RSI of 59.1.
Salesforce’s stock reached a 52-week low of $230 per share and a high of $369. The most recent trade price stood at $240.88, suggesting potential entry points for bullish investors as the selling momentum may be reaching its limit.
