VEL - Top 5 Financial Stocks That Could Sink Your Portfolio In Q4 | Benzinga
As of Nov. 16, 2023, five stocks in the financial 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.
Velocity Financial, Inc. (NYSE: VEL)
- Velocity Financial posted upbeat quarterly results. "Velocity’s differentiated business model and portfolio management strategies delivered another strong quarter for shareholders," said Chris Farrar, President and CEO." The company’s stock has a 52-week high ...