Legendary investor Warren Buffett advises investors to be fearful when others are greedy, and greedy when others are fearful. The Relative Strength Index (RSI) is a technical analysis indicator used to measure stock momentum on a scale of 0 to 100. Stocks are considered oversold when the RSI falls below 30. Porch Group Inc (PRCH) entered oversold territory on Monday with an RSI reading of 29.9, while the S&P 500 ETF (SPY) had an RSI of 57.9. PRCH hit a low of $9.295 per share, with a 52-week range of $3.6571 to $19.4355. This may indicate a buying opportunity as heavy selling could be slowing down.
Read more at NASDAQ.: Porch Group Enters Oversold Territory (PRCH)
