SILK - Top 3 Health Care Stocks You May Want To Dump In Q1 | Benzinga
As of Feb. 29, 2024, three stocks in the health care sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70, according to Benzinga Pro.
Here’s the latest list of major overbought players in this sector.
Avidity Biosciences, Inc. (NASDAQ: RNA)
- On Feb. 28, Avidity Biosciences posted a wider-than-expected quarterly loss. "With proven delivery of RNA to muscle and robust efficacy and long-term safety data from our ongoing clinical ...