Legendary investor Warren Buffett advises to be fearful when others are greedy and greedy when others are fearful. One way to measure this is through the Relative Strength Index (RSI), with a reading below 30 indicating oversold stocks. Stantec Inc (STN) recently hit an RSI of 28.6, lower than the S&P 500 ETF at 34.7. This could signal a buying opportunity as heavy selling may be slowing down. STN’s 52-week range is $43.035 to $58.50, with the last trade at $43.91. For more oversold stocks, visit the link provided.
Read more at Nasdaq: Stantec Enters Oversold Territory (STN)
