WNC - Top 5 Industrials Stocks That May Collapse This Month | Benzinga
As of Dec. 6, 2023, 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.
Builders FirstSource, Inc. (NYSE: BLDR)
- On Nov. 1, the company posted a sales decline of 21.3% Y/Y to $4.53 billion, missing the consensus of $4.84 billion. The company’s stock jumped around 14% over the past month and has a 52-week high of $156.85 .
- RSI Value: 72.23
- BLDR Price Action: Shares of Builders FirstSource gained 4.7% to close at $143.26 on Tuesday.
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