Plexus (PLXS) Stocks Enter Oversold Territory With RSI Reading of 25.7

Plexus Corp. (PLXS) has entered oversold territory with an RSI reading of 25.7, indicating potential exhaustion of recent heavy selling. The stock's 52-week range is $106.28 to $172.89, with a last trade of $119.44. Investors may view this as a sign to look for entry point opportunities on the buy side.

Plexus Corp. (PLXS), a leading provider of electronic manufacturing services, has entered oversold territory, with its Relative Strength Index (RSI) reading falling to 25.7. This level indicates that the stock may have reached a point where recent heavy selling is exhausting itself, potentially signaling a buying opportunity for investors [1].

The stock's 52-week range is $106.28 to $172.89, with the last trade at $119.44. The RSI reading of 25.7 is significantly lower than the S&P 500 ETF (SPY) reading of 74.7, suggesting that PLXS is experiencing more severe selling pressure compared to the broader market [1].

PLXS recently reported quarterly earnings of $1.90 per share, beating expectations by 11.00%. The stock's performance has been volatile, with a year-to-date return of 23.75% and a 1-year return of 2.72% [2].

Investors may view the current RSI reading as a potential signal to look for entry point opportunities. However, it is essential to consider other factors such as fundamental analysis and market conditions before making investment decisions. As with any stock, investors should conduct thorough research and consider consulting with a financial advisor.

References:
[1] https://www.nasdaq.com/articles/rsi-alert-plexus-plxs-now-oversold
[2] https://finance.yahoo.com/quote/PLXS/