Walmart and Clorox are among the most overbought stocks on Wall Street. Here are some others

As the S & P 500 nears its all-time high set in mid-July, some stocks may have become too overbought and are due for a pullback. The broad market index is on pace to rally for five consecutive positive sessions, and is almost 4% higher this week alone. The tech-heavy Nasdaq Composite has surged 5.8% this week, while the Dow Jones Industrial Average is 2.5% higher. That performance has left a host of stocks with outsized gains.

That performance has left a host of stocks with outsized gains. With that in mind, CNBC Pro used its stock screener tool to find the most overbought and oversold companies, using each one's 14-day relative strength index, or RSI. Stocks with a 14-day RSI score above 70 are typically regarded as overbought, indicating a pullback may be looming, while a 14-day RSI under 30 suggests a stock is oversold and may rebound.

According to consensus price forecasts, these stocks could climb over the next year. Analysts estimate Halliburton and APA might rally nearly 60% each, while Occidental's price target is 38% above its current level.

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Top Wall Street analysts are bullish on these 3 dividend-paying stocksTipRanks’ analyst ranking service pinpoints Wall Street’s best-performing stocks, including Walmart and Energy Transfer.
ソース: NBCDFW - 🏆 288. / 63 続きを読む »

Stock market today: Asian shares rally, encouraged by Wall Street storming back from an early slideAsian shares are mostly higher, encouraged by gains on Wall Street led by a handful of influential Big Tech companies.
ソース: wjxt4 - 🏆 246. / 63 続きを読む »

Stock market today: Wall Street drifts as Oracle soars and banks and oil slumpU.S. stocks drifted to a mixed close following several weeks of sharp swings
ソース: latimes - 🏆 11. / 82 続きを読む »