United Airlines, Morgan Stanley among the most overbought stocks on Wall Street. Here are the others

  • 📰 CNBC
  • ⏱ Reading Time:
  • 29 sec. here
  • 11 min. at publisher
  • 📊 Quality Score:
  • News: 46%
  • Publisher: 72%

Investment Strategy Notícia

Markets,Morgan Stanley,General Mills Inc

These stocks could be due for a near-term pullback.

Stocks including United Airlines and Morgan Stanley have seen immense buying on Wall Street this week and could be in store for a pullback. Equities are rebounding from a sluggish start to the week on Friday , with both the S & P 500 and Nasdaq Composite rallying to fresh all-time highs. These moves were boosted by a strong rise in technology stocks including Amazon, Microsoft and Nvidia, ahead of their respective quarterly results.

Pro screened for stocks that are technically considered overbought when measured by their 14-day relative strength index, or RSI. Stocks with a 14-day RSI measuring above 70 are typically viewed as overbought, signaling a pullback may be looming, while a 14-day RSI below 30 indicates a stock is oversold and may move higher. United Airlines stock has surged more than 82% in 2024, and has a 14-day RSI of 85.9, which is the second-highest reading on the list.

mountain Moderna stock. Other oversold names on the list include General Mills and Enphase Energy .

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 12. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Stocks making the biggest moves midday: United Airlines, Morgan Stanley, ASML, Prologis and moreThese are the stocks posting the largest moves in midday trading.
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »

This European hotel stock is Morgan Stanley's Top Pick into earningsThis European hotel stock is Morgan Stanley's Top Pick into earnings
Fonte: Investingcom - 🏆 450. / 53 Consulte Mais informação »