Delta Corp shares have fallen 21% in the past six months and 59% over the last three years. The stock’s relative strength index (RSI) is at 36.1. According to Trendlyne, an RSI below 30 is considered oversold, while above 70 indicates overbought conditions.
Fed Governor Michael Barr signals more rate hikes needed to tame inflation
Federal Reserve Governor Michael Barr announced that additional rate hikes may be necessary to manage inflation. He indicated that while economic growth is strong, inflation