UEC - Top 5 Energy Stocks That May Implode This Quarter | Benzinga
The most overbought stocks in the energy sector presents an opportunity to go short on these overvalued companies.
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.
Here’s the latest list of major overbought players in this sector.
Profire Energy, Inc. (NASDAQ: PFIE)
- Profire Energy posted better-than-expected quarterly results. "Our second quarter results reflect the sustained momentum across our business which contributed to a 50 percent increase in revenue over the prior year and the highest quarterly net income and EBITDA in company history,” said Ryan Oviatt, Co-Chief Executive Officer and CFO of Profire Energy. The company’s stock has a 52-week high of $2.93. .
- RSI Value: 78.97
- PFIE Price Action: Shares ...