XYF - Top 4 Financial Stocks That May Implode This Quarter | Benzinga
As of Jan. 5, 2024, four stocks in the financial 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.
X Financial (NYSE: XYF)
- On Nov. 22, X Financial reported third-quarter adjusted earnings per ADS of $1.04 and sales of $191.50 million. Mr. Justin Tang, the Founder, Chief Executive Officer and Chairman of the Company, commented, "We are pleased to see that our established strategy continued to deliver strong results in the third ...