Legendary investor Warren Buffett’s advice to be fearful when others are greedy and greedy when others are fearful is relevant in the stock market. The Relative Strength Index (RSI) is a key technical analysis indicator that measures momentum on a scale of zero to 100. When a stock’s RSI falls below 30, it is considered oversold. Fresenius Medical Care (FMS) recently entered oversold territory with an RSI reading of 28.8, indicating a potential buying opportunity. FMS has a 52-week range of $17.93 to $30.46, with the last trade at $24.42. This signals potential for a rebound in the stock price.

Read more at Nasdaq: Oversold Conditions For Fresenius Medical Care (FMS)