Take-Two, this drug name are among the most overbought stocks on Wall Street. Here are the others

  • 📰 CNBC
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 72%

España Noticias Noticias

España Últimas Noticias,España Titulares

CNBC Pro screened for the most overbought and oversold stocks.

Investors were snapping up shares of stocks including AmerisourceBergen and Take-Two in the last two weeks of the second quarter. The 14-day relative indexes for the two stocks each reached around 94 out of 100 as of Friday afternoon. A stock is considered overbought when its index cracks 70, and that can signal to investors that it could be due for a pullback in the normal ebb and flow of the market.

Pro compiled the other most overbought stocks below: Airline stocks Southwest and Delta made the list, with both having an index above 90. Wall Street has a favorite among the two competitors: nearly 86% of analysts rate Delta a buy compared with nearly 43% for Southwest. Delta is expected to rally another 20.5% after advancing 11.1% in the two-week period, while analysts see another 14% ahead for Southwest following its 5.7% gain in the latter half of June.

's Fred Imbert contributed to this report

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 12. in ES
 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Wall Street analysts think these 5 bank stocks will do well in the second halfThis quintet of bank stocks may be poised for a strong second half of the year.
Fuente: CNBC - 🏆 12. / 72 Leer más »

Why this Wall Street firm walked away from a $130M Pennsylvania pension investmentInsight Partners Partners Fund XIII won a close vote but pulled out when Gov. Josh Shapiro asked the PSERS board to reconsider its decision.
Fuente: PhillyDailyNews - 🏆 89. / 67 Leer más »