Top 5 Health Care Stocks That Should Keep You Up At Night
Portfolio Pulse from Lisa Levin
The article lists the top 5 overbought health care stocks, which may present an opportunity to go short on these overvalued companies. The stocks mentioned are Cerevel Therapeutics (CERE), Voyager Therapeutics (VYGR), Merit Medical Systems (MMSI), CTI BioPharma (CTIC), and ACADIA Pharmaceuticals (ACAD).
May 23, 2023 | 12:33 pm
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NEGATIVE IMPACT
ACADIA Pharmaceuticals is overbought with an RSI of 72.85. The stock closed at $24.80 on Monday.
ACADIA Pharmaceuticals is considered overbought with an RSI above 70, which may lead to a short-term price decline as investors may consider selling or shorting the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Cerevel Therapeutics is overbought with an RSI of 71.46. The stock closed at $34.00 on Monday.
Cerevel Therapeutics is considered overbought with an RSI above 70, which may lead to a short-term price decline as investors may consider selling or shorting the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
CTI BioPharma is overbought with an RSI of 85.39. The stock closed at $8.93 on Monday.
CTI BioPharma is considered overbought with an RSI above 70, which may lead to a short-term price decline as investors may consider selling or shorting the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Merit Medical Systems is overbought with an RSI of 71.82. The stock closed at $84.44 on Monday.
Merit Medical Systems is considered overbought with an RSI above 70, which may lead to a short-term price decline as investors may consider selling or shorting the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Voyager Therapeutics is overbought with an RSI of 75.45. The stock closed at $13.85 on Monday.
Voyager Therapeutics is considered overbought with an RSI above 70, which may lead to a short-term price decline as investors may consider selling or shorting the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100