TRGP - Top 5 Energy Stocks That May Collapse In May | Benzinga
As of May 22, 2024, five stocks in the energy 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.
NextDecade Corporation (NASDAQ:NEXT)
- On May 20, Abu Dhabi Oil & Gas giant ADNOC announced it secured an equity position and LNG offtake agreement in NextDecade's Rio Grande LNG project. Matt Schatzman, NextDecade's Chairman and Chief Executive Officer, said, "We ...