WDAY - Top 5 Tech Stocks That May Crash In September | Benzinga
The most overbought stocks in the information technology 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.
Couchbase, Inc. (NASDAQ: BASE)
- Couchbase reported better-than-expected second-quarter results. "We delivered revenue and profitability that exceeded the high end of our guidance range, highlighted by 24% ARR growth, strong retention, and increasing momentum with Capella," said Matt ...