RSI - Top 4 Consumer Stocks that May Keep You Up At Night This Month | Benzinga
As of June 20, 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.
La-Z-Boy Inc (NYSE:LZB)
- On June 17, La-Z-Boy reported better than expected fourth-quarter fiscal 2024 (ended Apr 27, 2024) results. The company's stock gained around 14% over the past five days and has a 52-week high of $41.08.
- RSI Value: 81.68
- LZB Price Action: Shares of La-Z-Boy rose 19.4% to close at $40.70 on Tuesday.
- Benzinga Pro's ...