Top 5 Consumer Stocks You May Want To Dump In June
Portfolio Pulse from Lisa Levin
The article lists the top 5 overbought consumer stocks in June, including AMMO, Inc. (POWW), Dave & Buster's Entertainment (PLAY), Sweetgreen (SG), Modine Manufacturing Company (MOD), and Toll Brothers (TOL). These stocks have RSI values above 70, indicating they may be overvalued and present an opportunity to go short.
June 15, 2023 | 12:31 pm
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NEGATIVE IMPACT
Modine Manufacturing Company (MOD) is overbought with an RSI value of 72.66. The stock fell 2.6% to close at $31.95 on Wednesday.
The stock is considered overbought with an RSI value above 70, indicating that it may be overvalued and could experience a short-term price decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Dave & Buster's Entertainment (PLAY) is overbought with an RSI value of 70.80. The stock fell 5.8% to close at $43.41 on Wednesday.
The stock is considered overbought with an RSI value above 70, indicating that it may be overvalued and could experience a short-term price decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
AMMO, Inc. (POWW) is considered overbought with an RSI value of 73.33. The stock fell 2.9% to close at $2.04 on Wednesday.
The stock is considered overbought with an RSI value above 70, indicating that it may be overvalued and could experience a short-term price decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Sweetgreen (SG) is overbought with an RSI value of 72.14. The stock rose 1.7% to close at $10.89 on Wednesday.
The stock is considered overbought with an RSI value above 70, indicating that it may be overvalued and could experience a short-term price decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Toll Brothers (TOL) is overbought with an RSI value of 70.57. The stock fell 2.4% to settle at $73.30 on Wednesday.
The stock is considered overbought with an RSI value above 70, indicating that it may be overvalued and could experience a short-term price decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100