RSI - Top 4 Tech And Telecom Stocks That May Keep You Up At Night In Q1 | Benzinga
As of Jan. 26, 2024, four stocks in the communication services 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.
Fox Corporation (NASDAQ: FOX)
- On Jan. 17, Sinclair and FOX Corporation announced that their broadcast divisions have reached an agreement for a multi-year renewal of all FOX affiliations in Sinclair markets. "We are pleased to extend our partnership with Sinclair, and we are delighted these stations will ...