Top 3 Utilities Stocks That May Plunge This Quarter
Portfolio Pulse from Lisa Levin
The article identifies three overbought stocks in the utilities sector that may plunge this quarter: Vistra Corp. (NYSE:VST), Otter Tail Corporation (NASDAQ:OTTR), and Constellation Energy Corporation (NASDAQ:CEG). These companies have reported strong Q2 results and have high RSI values, indicating they are overbought and may experience a price drop in the short term.
August 14, 2023 | 11:58 am
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NEGATIVE IMPACT
Constellation Energy Corporation reported strong Q2 results and has a high RSI value of 74.61, indicating it is overbought and may experience a price drop in the short term.
Constellation Energy Corporation has reported strong Q2 results, which has likely contributed to its high RSI value. This indicates that the stock is overbought and may experience a price drop in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Otter Tail Corporation reported strong Q2 results and has a high RSI value of 71.77, indicating it is overbought and may experience a price drop in the short term.
Otter Tail Corporation has reported strong Q2 results, which has likely contributed to its high RSI value. This indicates that the stock is overbought and may experience a price drop in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Vistra Corp. reported strong Q2 results and has a high RSI value of 74.82, indicating it is overbought and may experience a price drop in the short term.
Vistra Corp. has reported strong Q2 results, which has likely contributed to its high RSI value. This indicates that the stock is overbought and may experience a price drop in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100