RYAN - Top 5 Financial Stocks You May Want To Dump In September | Benzinga
The most overbought stocks in the financial 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.
MoneyLion Inc. (NYSE: ML)
- MoneyLion posted a wider-than-expected quarterly loss. Dee Choubey, MoneyLion’s co-founder and Chief Executive Officer said, "Performance in the second quarter was driven by product diversification and margin expansion in our Enterprise marketplace business and continued momentum and robust credit performance in our Consumer business." The company’s stock has a 52-week high of $45.30. .
- RSI Value: 70.55
- ML Price Action: Shares of ...