Top 5 Financial Stocks That May Crash This Quarter
Portfolio Pulse from Lisa Levin
The article lists five financial stocks that are considered overbought and may crash this quarter. These include Lemonade, Inc. (LMND), Credit Acceptance Corporation (CACC), Customers Bancorp, Inc. (CUBI), Metropolitan Bank Holding Corp. (MCB), and FB Financial Corporation (FBK). The stocks are considered overbought based on their Relative Strength Index (RSI) values, which are all above 70.
July 21, 2023 | 12:28 pm
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Credit Acceptance Corporation is considered overbought with an RSI value of 71.05. The stock fell 3.3% to close at $554.67 on Thursday.
The stock is considered overbought based on its RSI value, which suggests that it may be due for a price correction in the short term. The recent 3.3% drop in its stock price also indicates bearish sentiment among investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Customers Bancorp, Inc. is considered overbought with an RSI value of 77.11. The stock fell 3.1% to close at $39.20 on Thursday.
The stock is considered overbought based on its RSI value, which suggests that it may be due for a price correction in the short term. The recent 3.1% drop in its stock price also indicates bearish sentiment among investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
FB Financial Corporation is considered overbought with an RSI value of 70.43. The stock fell 2.5% to settle at $33.11 on Thursday.
The stock is considered overbought based on its RSI value, which suggests that it may be due for a price correction in the short term. The recent 2.5% drop in its stock price also indicates bearish sentiment among investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Lemonade, Inc. is considered overbought with an RSI value of 71.84. The stock fell 4% to close at $23.13 on Thursday.
The stock is considered overbought based on its RSI value, which suggests that it may be due for a price correction in the short term. The recent 4% drop in its stock price also indicates bearish sentiment among investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Metropolitan Bank Holding Corp. is considered overbought with an RSI value of 73.59. The stock fell 2.9% to close at $46.14 on Thursday.
The stock is considered overbought based on its RSI value, which suggests that it may be due for a price correction in the short term. The recent 2.9% drop in its stock price also indicates bearish sentiment among investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100