VWE - Top 5 Risk Off Stocks That May Plunge This Quarter | Benzinga
As of March 11, 2024, five stocks in the consumer staples 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.
Vintage Wine Estates, Inc. (NASDAQ: VWE)
- On March 5, Vintage Wine Estates issued an update on asset sales as company progressed towards streamlined business model and announced a forbearance agreement with lenders. The company’s stock gained around 25% over ...