UVV - Top 4 Risk Off Stocks That May Collapse This Month | Benzinga
As of Jan. 3, 2024, three stocks in the consumer staples 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.
The Honest Company, Inc. (NASDAQ: HNST)
- On Dec. 4, The Honest Company expanded its partnership with Tinuiti, empowering continued growth and marketplace expansion. Erin Thoensen, Vice President, General Manager Baby + Home at The Honest Company, said, "As we grow in our partnership with ...