Altria Group Inc (MO) shares entered oversold territory on Tuesday, recording a Relative Strength Index (RSI) of 27.9 after trading as low as $55.01 per share. This contrasts with the S&P 500 ETF (SPY), which has an RSI of 62.7. With a 52-week low of $50.08 and a high of $68.60, the last trade was $55.03, suggesting potential opportunities for bullish investors as heavy selling may be nearing exhaustion.
The RSI is a technical analysis indicator that ranges from zero to 100, indicating momentum; a stock is deemed oversold if its RSI falls below 30.
