RSI - Top 5 Utilities Stocks That Should Keep You Up At Night | Benzinga
As of Dec. 12, 2023, five stocks in the utilities 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.
Genie Energy Ltd. (NYSE: GNE)
- On Nov. 6, Genie Energy reported a year-over-year increase in third-quarter revenue results and raised FY23 adjusted EBITDA guidance. Michael Stein, chief executive officer of Genie Energy, commented, "Our third quarter results were highlighted by record quarterly revenue and ...