Urban Edge Properties Enters Oversold Territory: A Potential Buying Opportunity?

Urban Edge Properties (UE) has entered oversold territory with an RSI reading of 27.3, compared to the S&P 500 ETF's reading of 61.3. This could indicate exhaustion of recent heavy selling and potential buying opportunities. UE's 52-week range is $15.66 to $23.85, with a last trade of $18.83.