Top 3 Materials Stocks That May Implode This Month
Portfolio Pulse from Lisa Levin
The article identifies three overbought stocks in the materials sector that may be overvalued: Inter & Co, Inc. (NASDAQ:INTR), AptarGroup, Inc. (NYSE:ATR), and Hawkins, Inc. (NASDAQ:HWKN). All three companies recently posted positive earnings, but their high Relative Strength Index (RSI) values suggest they may be overbought.
August 28, 2023 | 11:53 am
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NEGATIVE IMPACT
AptarGroup's stock may be overvalued due to its high RSI value of 77.24, despite posting upbeat earnings for Q2.
The high RSI value suggests that the stock is overbought and may experience a short-term price correction.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Hawkins, Inc.'s stock may be overvalued due to its high RSI value of 75.55, despite posting better-than-expected Q1 earnings.
The high RSI value suggests that the stock is overbought and may experience a short-term price correction.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Inter & Co's stock may be overvalued due to its high RSI value of 70.14, despite posting in-line earnings for Q2.
The high RSI value suggests that the stock is overbought and may experience a short-term price correction.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100