Investors have been accumulating shares of several big-name companies — from GE Vernova to United Airlines — during the market's recent dip. But those and other overbought stocks could be due for a pullback, according to one popular yardstick. November is off to a strong start after the major U.S. stock indexes ended October in the red. The S & P 500 fell 1% in the previous month, snapping a five-month advance, while the 30-stock Dow shed 1.3% and the Nasdaq edged down 0.5%.
Pro screened for stocks that are considered technically overbought on the basis of their 14-day relative strength index . Companies with a 14-day RSI above 70 are often regarded as overbought, signaling a pullback may be ahead, while a 14-day RSI below 30 often suggests a stock is oversold and could see future upside. GE Vernova shares have jumped 19% over the past month, and now have a 14-day RSI of 76.9. Shares briefly rose as much as 3.3% on Friday, reaching a fresh all-time high.
대한민국 최근 뉴스, 대한민국 헤드 라인
Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »