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On Thursday, WEBTOON Entertainment Inc. (Symbol: WBTN) saw its shares hit an oversold level with a Relative Strength Index (RSI) of 22.4, after trading as low as $12.29 per share. This is significantly lower than the current RSI reading of the S&P 500 ETF (SPY), which is at 50.2.
The stock’s 52-week range shows a low of $6.75 and a high of $22.47, with its last trade at $12.63, indicating potential opportunities for bullish investors as heavy selling may be nearing exhaustion.
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