Top 5 Materials Stocks You May Want To Dump This Month
Portfolio Pulse from Lisa Levin
The article lists five overbought stocks in the materials sector, suggesting they may be overvalued. The companies mentioned are Northern Technologies International Corporation (NTIC), CF Industries Holdings, Inc. (CF), NewMarket Corporation (NEU), The Mosaic Company (MOS), and Alpha Metallurgical Resources, Inc. (AMR). The Relative Strength Index (RSI) of these stocks is above 70, indicating they are overbought.
August 10, 2023 | 12:17 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Alpha Metallurgical Resources, Inc.'s stock is overbought with an RSI of 73.06.
The high RSI indicates that the stock is overbought and may be overvalued, which could lead to a price correction in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
CF Industries Holdings, Inc.'s stock is overbought with an RSI of 74.29.
The high RSI indicates that the stock is overbought and may be overvalued, which could lead to a price correction in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
The Mosaic Company's stock is overbought with an RSI of 76.22.
The high RSI indicates that the stock is overbought and may be overvalued, which could lead to a price correction in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
NewMarket Corporation's stock is overbought with an RSI of 79.00.
The high RSI indicates that the stock is overbought and may be overvalued, which could lead to a price correction in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Northern Technologies International Corporation's stock is overbought with an RSI of 72.60.
The high RSI indicates that the stock is overbought and may be overvalued, which could lead to a price correction in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100