Top 5 Risk Off Stocks That Should Keep You Up At Night
Portfolio Pulse from Lisa Levin
The article lists five overbought stocks in the consumer staples sector, which may present an opportunity to go short. The stocks are Jupiter Wellness, Inc. (JUPW), Celsius Holdings, Inc. (CELH), Freshpet, Inc. (FRPT), Oil-Dri Corporation of America (ODC), and Thorne HealthTech, Inc. (THRN). All these stocks have a Relative Strength Index (RSI) value above 70, indicating they are overbought.
August 17, 2023 | 12:55 pm
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NEGATIVE IMPACT
Celsius Holdings, Inc. (CELH) is considered overbought with an RSI of 75.65. The stock fell 2% to close at $179.15 on Wednesday.
The high RSI indicates that the stock is overbought and may be due for a price correction. The recent drop in price supports this.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Freshpet, Inc. (FRPT) is considered overbought with an RSI of 70.67. The stock rose 0.5% to close at $80.74 on Wednesday.
The high RSI indicates that the stock is overbought and may be due for a price correction, despite the recent slight increase in price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Jupiter Wellness, Inc. (JUPW) is considered overbought with an RSI of 70.25. The stock fell 13.6% to close at $1.02 on Wednesday.
The high RSI indicates that the stock is overbought and may be due for a price correction. The recent drop in price supports this.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Oil-Dri Corporation of America (ODC) is considered overbought with an RSI of 71.51. The stock rose 1.5% to close at $68.44 on Wednesday.
The high RSI indicates that the stock is overbought and may be due for a price correction, despite the recent slight increase in price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Thorne HealthTech, Inc. (THRN) is considered overbought with an RSI of 73.80. The stock rose 1.8% to settle at $7.45 on Tuesday.
The high RSI indicates that the stock is overbought and may be due for a price correction, despite the recent slight increase in price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100