The most overbought stocks in the industrials 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.
Perma-Fix Environmental Services, Inc. (NASDAQ: PESI)
Perma-Fix Environmental, during November, posted a decline in quarterly earnings. The company is expected to report Q4 results on March 23, 2023. The company’s stock has a 52-week high of $9.29 .
RSI Value: 71.33
PESI Price Action: ...
Related tickers: PESI, SYM, KBAL, ATCX, SCWO.
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