On Friday, Sapiens International Corp NV (Symbol: SPNS) shares reached an oversold level, recording a Relative Strength Index (RSI) of 29.9 after trading as low as $26.385 per share. The S&P 500 ETF (SPY) had an RSI reading of 63.8 at the same time. An RSI below 30 indicates potential buying opportunities as heavy selling may be exhausting.
SPNS’s 52-week low is $23.69, with a high of $39.985, and the last trade was at $26.52.
