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

  • 📰 CNBC
  • ⏱ Reading Time:
  • 33 sec. here
  • 12 min. at publisher
  • 📊 Quality Score:
  • News: 52%
  • Publisher: 72%

Kenvue Inc Nieuws

Moderna Inc,Occidental Petroleum Corp,APA Corp (US)

CNBC Pro used its stock screener tool to find the most overbought and oversold companies.

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.

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 12. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

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.
Bron: NBCDFW - 🏆 288. / 63 Lees verder »

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.
Bron: wjxt4 - 🏆 246. / 63 Lees verder »

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
Bron: latimes - 🏆 11. / 82 Lees verder »