The most overbought stocks in the materials 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.
Inter & Co, Inc. (NASDAQ: INTR)
Inter&CO Securities, a subsidiary of Inter&Co, has been granted approval by the Financial Industry Regulatory Authority to operate as an investment broker in the United States. ...
Related tickers: CX, MLM, VMC, INTR, DSEY.
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