TME - Top 5 Tech And Telecom Stocks That May Fall Off A Cliff In Q2 | Benzinga
As of May 17, 2024, five stocks in the communication services 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.
Bilibili Inc. (NASDAQ:BILI)
- Bilibili is expected to report its first quarter 2024 unaudited financial results on Thursday, May 23, before the open of US markets. The company's stock gained around 48% over the past month and has a 52-week high of $19.36.
- RSI Value: 73.14
- BILI Price Action: Shares of Bilibili rose 2.8% to close at $16.28 on Thursday.
Sea Limited (NYSE:SE)
- On May ...