TXRH - Top 5 Consumer Stocks That May Implode In November | Benzinga
As of Nov. 29, 2023, five 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.
Newegg Commerce, Inc. (NASDAQ: NEGG)
- Newegg's board recently authorized a $10.0 million share repurchase program lasting two years. The company’s stock has a 52-week high of $3.09. .
- RSI Value: 72.64
- NEGG ...