VNCE - Top 4 Consumer Stocks That May Collapse This Month | Benzinga
As of Jan. 16, 2024, four stocks in the consumer discretionary 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.
Flexsteel Industries, Inc. (NASDAQ: FLXS)
- On Jan. 11, Flexsteel Industries reported strong preliminary results for the second quarter. The company said it sees preliminary earnings of 57 cents per share, ...