ZIM - Top 5 Industrials Stocks That Could Sink Your Portfolio This Quarter | Benzinga
As of Jan. 23, 2024, five stocks in the industrials 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.
NN, Inc. (NASDAQ: NNBR)
- On Jan. 16, NN said it is targeting 2028 revenue above $650 million. The company’s stock jumped around 44% over the past six months and has a 52-week high of $4.45 .
- RSI Value: 71.14
- NNBR Price Action: Shares of NN gained 4.8% to close at $4.18 on Monday.