Top 5 Financial Stocks You May Want To Dump This Quarter
Portfolio Pulse from Lisa Levin
The article lists five financial stocks that are considered overbought and may be worth selling this quarter. These include First Northwest Bancorp (FNWB), UBS Group AG (UBS), Riverview Bancorp, Inc. (RVSB), Barings BDC, Inc. (BBDC), and Erie Indemnity Company (ERIE). The Relative Strength Index (RSI) of these stocks is above 70, indicating they may be overvalued.
August 22, 2023 | 12:02 pm
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NEGATIVE IMPACT
Barings BDC, Inc.'s stock is considered overbought with an RSI of 75.42.
The high RSI indicates that the stock may be overvalued and could experience a price correction in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Erie Indemnity Company's stock is considered overbought with an RSI of 73.38.
The high RSI indicates that the stock may be overvalued and could experience a price correction in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
First Northwest Bancorp's stock is considered overbought with an RSI of 71.90.
The high RSI indicates that the stock may be overvalued and could experience a price correction in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Riverview Bancorp, Inc.'s stock is considered overbought with an RSI of 71.00.
The high RSI indicates that the stock may be overvalued and could experience a price correction in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
UBS Group AG's stock is considered overbought with an RSI of 74.05.
The high RSI indicates that the stock may be overvalued and could experience a price correction in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100