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Warren Buffett’s investment strategy highlights the importance of market sentiment, particularly the Relative Strength Index (RSI), which measures momentum on a scale of zero to 100. On Friday, September 29, 2023, shares of Wave Life Sciences Ltd (Symbol: WVE) entered oversold territory with an RSI reading of 29.5 after trading as low as $6.95 per share.
In comparison, the S&P 500 ETF (SPY) has an RSI of 65.0. Over the past year, WVE shares have seen a low of $5.28 and a high of $16.735, concluding the trading session at $6.97.
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