Legendary investor Warren Buffett emphasizes the importance of market sentiment, advising investors to be greedy when others are fearful. On Friday, shares of Universal Health Services, Inc. (Symbol: UHS) reached an RSI reading of 29.9, indicating the stock is in oversold territory after trading as low as $206.08 per share. In contrast, the S&P 500 ETF (SPY) holds an RSI of 68.8.
UHS’s current trading price is $207.03, with a 52-week low of $152.33 and a high of $246.33. The uptick in the RSI could signal that the recent heavy selling may be nearing exhaustion, presenting potential buying opportunities for investors.
