Top 2 Utilities Stocks That That Could Sink Your Portfolio This Quarter
Portfolio Pulse from Lisa Levin
The article identifies Global Water Resources, Inc. (NASDAQ:GWRS) and Consolidated Water Co. Ltd. (NASDAQ:CWCO) as overbought stocks in the utilities sector, suggesting they may be overvalued. Both companies recently posted better-than-expected quarterly results, with GWRS closing at $12.94 and CWCO at $24.29 on Wednesday.
June 29, 2023 | 10:16 am
News sentiment analysis
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NEGATIVE IMPACT
Consolidated Water Co. Ltd. is considered overbought with an RSI value of 73.15, suggesting it may be overvalued.
The RSI value above 70 indicates that the stock is overbought and may be overvalued, which could lead to a price correction in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Global Water Resources, Inc. is considered overbought with an RSI value of 70.93, suggesting it may be overvalued.
The RSI value above 70 indicates that the stock is overbought and may be overvalued, which could lead to a price correction in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100