RSI - Top 5 Health Care Stocks That May Fall Off A Cliff | Benzinga
The most overbought stocks in the health care 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.
Aspira Women's Health Inc. (NASDAQ: AWH)
- Aspira Women's Health announced a material transfer agreement with the University of Oxford for the procurement of serum samples to verify and validate the endometriosis blood test algorithms. The company’s stock has a 52-week high of $9.60. .
- RSI Value: 72.25
- AWH Price Action: Shares of Aspira Women's Health fell 18.3% to close at $4.90 on Tuesday.