Legendary investor Warren Buffett advises to be fearful when others are greedy and greedy when others are fearful. The Relative Strength Index (RSI) measures stock momentum on a scale of 0-100, with a reading below 30 indicating oversold conditions. Strategy Inc (MSTR) hit an RSI of 29.4, potentially signaling a buying opportunity.

Shares of MSTR traded as low as $160.54, entering oversold territory. The S&P 500 ETF (SPY) has a current RSI of 49.0. Investors may see MSTR’s RSI as a sign of selling exhaustion and consider buying opportunities. MSTR’s 52-week range is $155.61 to $457.22 per share, with the latest trade at $162.08.

For more oversold stock options, check out the list of 9 other stocks. Institutional holders of NQI, ALX dividend growth rate, and AFIB stock predictions are also available for further research. Note that opinions expressed in the article are of the author and not Nasdaq, Inc.

Read more at Nasdaq: Oversold Conditions For Strategy (MSTR)