Legendary investor Warren Buffett’s strategy advises being fearful when others are greedy and greedy when others are fearful. This sentiment is reflected in the trading activity of Tejon Ranch Co (Symbol: TRC), which reported an oversold Relative Strength Index (RSI) of 27.5 on Tuesday, indicating heavy selling pressure. The stock traded as low as $17.35 per share, in contrast to the current S&P 500 ETF (SPY) RSI of 51.0.
Over the past year, TRC’s share price fluctuated between a low of $15.31 and a high of $21.31, with the last trade recorded at $17.30. Investors may view the low RSI as a potential opportunity for entry into the stock as selling pressures begin to wane.
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