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On Tuesday, shares of UBS Group AG (Symbol: UBS) reached an oversold status with a Relative Strength Index (RSI) reading of 29.7, trading as low as $37.58 per share. This is notable as the S&P 500 ETF (SPY) has an RSI of 61.2, indicating a stark contrast in market momentum.
UBS’s 52-week trading range is remarkable, with a low of $25.745 and a high of $42.565, with the last trade recorded at $37.56. Investors may interpret the low RSI as a potential buy opportunity amid heavy selling pressure.
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