Warren Buffett’s investment principle to be cautious when others are greedy is exemplified in the case of Unilever plc (Symbol: UL). On Thursday, shares of Unilever hit an oversold RSI reading of 29.5, indicating heavy selling exhaustion, as the stock traded as low as $57.18 per share. In contrast, the S&P 500 ETF (SPY) holds an RSI of 68.3.
Over the past year, Unilever’s stock has seen a low of $54.95 and a high of $74.975, with its last trade recorded at $57.28.
