ZM - Top 5 Tech Stocks You May Want To Dump In December | Benzinga
As of Dec. 7, 2023, five stocks in the information technology 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.
Porch Group, Inc. (NASDAQ: PRCH)
- On Nov. 7, Porch reported better-than-expected third-quarter sales results. "We are pleased to share our financial results with positive Adjusted EBITDA of $8.8 million," said Matt Ehrlichman, Chief Executive Officer, Chairman and Founder. The company’s stock jumped around 31% over the past month and has a 52-week high of $3.99 .
- RSI Value: 85.36
- PRCH Price Action: Shares of Porch Group gained 24.7% to close ...