RSI - Top 5 Utilities Stocks You May Want To Dump In May | Benzinga
As of May 16, 2024, 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.
FirstEnergy Corp. (NYSE:FE)
- On April 25, FirstEnergy posted better-than-expected quarterly sales. “Despite a mild winter, we’re off to a solid start in 2024. Our first quarter financial results are above ...