VLO - Top 5 Energy Stocks That May Crash This Quarter | Benzinga
As of Jan. 31, 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.
Helmerich & Payne, Inc. (NYSE: HP)
- On Jan. 29, Helmerich & Payne reported better-than-expected first-quarter adjusted EPS results. "Our recent successes on the international front are evidence of this with our announcement of securing work for eight rigs in the Middle East, subject ...