VZIO - Top 4 Consumer Stocks That May Fall Off A Cliff In Q4 | Benzinga
The most overbought stocks in the consumer discretionary sector presents an opportunity to go short on these overvalued companies.
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.
Here’s the latest list of major overbought players in this sector.
VIZIO Holding Corp. (NYSE: VZIO)
- Vizio posted upbeat sales for the third quarter. "At VIZIO, we continue to invest in delivering the best possible experience for our users and partners alike. Over the past few years, we have been continuously retooling and enhancing our operating system to unlock further growth opportunities," said William Wang, CEO of VIZIO. ...