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 أخبار

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.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 12. in SA

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

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.
مصدر: NBCDFW - 🏆 288. / 63 اقرأ أكثر »

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.
مصدر: wjxt4 - 🏆 246. / 63 اقرأ أكثر »

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
مصدر: latimes - 🏆 11. / 82 اقرأ أكثر »