Tredegar Shares Plummet to Oversold Levels, RSI Hits 29.3

Tredegar Corp. (TG) shares have entered oversold territory, with a Relative Strength Index (RSI) reading of 29.3. The RSI measures momentum on a scale of 0 to 100, and a reading below 30 indicates oversold conditions. TG's 52-week low is $6.25, and its 52-week high is $10.53. The stock is currently trading at $6.67, down 6.8% on the day. A bullish investor could view this as a sign that the recent selling is exhausting itself, and look for entry points on the buy side.