Top 4 Materials Stocks That Could Sink Your Portfolio In June
Portfolio Pulse from Lisa Levin
The article lists four overbought materials stocks that could negatively impact portfolios in June: Martin Marietta Materials (MLM), Vulcan Materials Company (VMC), Eagle Materials Inc. (EXP), and Knife River Corporation (KNF). These stocks have high RSI values, indicating they may be overvalued.
June 27, 2023 | 12:37 pm
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NEGATIVE IMPACT
Eagle Materials Inc. is overbought with an RSI value of 70.05, indicating potential short-term decline.
The high RSI value of 70.05 suggests that EXP is overbought and may experience a short-term decline in price as investors sell off their positions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Knife River Corporation is overbought with an RSI value of 71.05, indicating potential short-term decline.
The high RSI value of 71.05 suggests that KNF is overbought and may experience a short-term decline in price as investors sell off their positions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Martin Marietta Materials is overbought with an RSI value of 77.86, indicating potential short-term decline.
The high RSI value of 77.86 suggests that MLM is overbought and may experience a short-term decline in price as investors sell off their positions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Vulcan Materials Company is overbought with an RSI value of 79.59, indicating potential short-term decline.
The high RSI value of 79.59 suggests that VMC is overbought and may experience a short-term decline in price as investors sell off their positions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100