Top 3 Tech Stocks That May Fall Off A Cliff
Portfolio Pulse from Lisa Levin
The article identifies three overbought tech stocks that may be due for a correction: National Instruments Corporation (NASDAQ:NATI), CDW Corporation (NASDAQ:CDW), and PC Connection, Inc. (NASDAQ:CNXN). The companies are considered overbought as their Relative Strength Index (RSI) values are above 70, indicating they may be overvalued.
August 09, 2023 | 12:23 pm
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NEGATIVE IMPACT
CDW Corporation's stock is considered overbought with an RSI value of 74.39.
The company's RSI value is above 70, indicating it may be overvalued and due for a correction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
PC Connection, Inc.'s stock is considered overbought with an RSI value of 81.07.
The company's RSI value is above 70, indicating it may be overvalued and due for a correction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
National Instruments Corporation's stock is considered overbought with an RSI value of 71.55.
The company's RSI value is above 70, indicating it may be overvalued and due for a correction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100