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Plexus Corp. Enters Oversold Territory as RSI Hits 29.6

Plexus Corp. has seen its RSI dip to 29.6, signaling an oversold condition. Investors may now find potential buying opportunities as the recent decline in shares appears to be easing.

Date: 
AI Rating:   7

RSI Analysis: The Relative Strength Index (RSI) for Plexus Corp. (PLXS) has dropped to 29.6, indicating that the stock is oversold. This typically suggests that recent selling pressure may be reaching an exhaustion point, creating a buying opportunity for bullish investors.

The current trading level of PLXS at $144.81 is significantly lower compared to its 52-week high of $172.89 and is above its 52-week low of $90.18. This context is essential for investors looking to determine if now is an optimal time for entry into the stock.

However, there are no specific mentions of Earnings Per Share (EPS), Revenue Growth, Net Income, Profit Margins, Free Cash Flow, or Return on Equity in the provided report. Therefore, the analysis focuses solely on the RSI indicator.

Stocks:  PLXS