Warren Buffett’s Wisdom: Winmark Corp (WINA) Shows Signs of Fear in Market
Legendary investor Warren Buffett famously suggests being cautious when others exhibit greed and being opportunistic when fear grips the market. One tool to gauge this fear is the Relative Strength Index (RSI), a technical analysis indicator that measures a stock’s momentum on a scale from zero to 100. A stock is deemed oversold when its RSI reading falls below 30.
Winmark Corp Enters Oversold Territory
On Monday, shares of Winmark Corp (Symbol: WINA) dropped into oversold territory, reporting an RSI of 28.5 after trading as low as $367.005 per share. For comparison, the current RSI of the S&P 500 ETF (SPY) stands at 37.3. A bullish investor may interpret WINA’s RSI of 28.5 as a signal that the recent selling pressure is losing steam, suggesting potential buying opportunities.
Performance Snapshot of WINA
The accompanying chart illustrates WINA’s performance over the past year. The stock’s 52-week low is $330.25, while its high reached $431.67. The latest trade was recorded at $367.00.
Discover 9 other oversold stocks worth examining »
Related Resources:
- Top Stocks Held By Ken Griffin
- Top Ten Hedge Funds Holding JSTC
- JD Next Dividend Date
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
