Warren Buffett’s investment strategy emphasizes caution when others are greedy and opportunism when others are fearful. Currently, Sonos Inc. (NASDAQ: SONO) has entered oversold territory, with a Relative Strength Index (RSI) reading of 28.9 after trading as low as $15.81 per share on Thursday. The S&P 500 ETF (SPY) has a contrasting RSI of 56.6.
Sonos’ 52-week range shows a low of $7.625 per share and a high of $19.82, with the last trade recorded at $15.93. Investors may view the recent heavy selling as reaching an exhaustion point, providing potential buying opportunities.
