Top 5 Materials Stocks That May Crash This Month
Portfolio Pulse from Lisa Levin
The article lists the top 5 overbought materials stocks that may crash this month, based on their RSI values. The stocks mentioned are Inter & Co, Inc. (INTR), Hawkins, Inc. (HWKN), Universal Stainless & Alloy Products, Inc. (USAP), Martin Marietta Materials, Inc. (MLM), and Vulcan Materials Company (VMC).
June 09, 2023 | 11:50 am
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NEGATIVE IMPACT
Hawkins, Inc.'s RSI value is 73.28, indicating it is overbought. The stock fell 0.5% to close at $51.44 on Thursday.
The RSI value of 73.28 indicates that HWKN is overbought, which may lead to a short-term price decline. The stock has already fallen 0.5% on Thursday.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Inter & Co's RSI value is 76.92, indicating it is overbought. The stock fell 2.2% to close at $3.15 on Thursday.
The RSI value of 76.92 indicates that INTR is overbought, which may lead to a short-term price decline. The stock has already fallen 2.2% on Thursday.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Martin Marietta Materials, Inc.'s RSI value is 74.45, indicating it is overbought. The stock rose 0.5% to close at $425.40 on Thursday.
The RSI value of 74.45 indicates that MLM is overbought, which may lead to a short-term price decline. However, the stock rose 0.5% on Thursday.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Universal Stainless & Alloy Products, Inc.'s RSI value is 74.94, indicating it is overbought. The stock gained 0.3% to close at $12.15 on Thursday.
The RSI value of 74.94 indicates that USAP is overbought, which may lead to a short-term price decline. However, the stock gained 0.3% on Thursday.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Vulcan Materials Company's RSI value is 74.29, indicating it is overbought. The stock rose 0.6% to settle at $206.18 on Thursday.
The RSI value of 74.29 indicates that VMC is overbought, which may lead to a short-term price decline. However, the stock rose 0.6% on Thursday.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100