Top 2 Real Estate Stocks That Should Keep You Up At Night
Portfolio Pulse from Lisa Levin
Hersha Hospitality Trust (HT) and Howard Hughes Holdings Inc. (HHH) are identified as overbought stocks in the real estate sector, with RSI values of 87.57 and 87.72 respectively. HT recently announced a merger with KSL Capital Partners, while HHH appointed Kristi Smith as President of the company's Maryland region.
August 29, 2023 | 11:45 am
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NEGATIVE IMPACT
Howard Hughes Holdings Inc.'s stock is overbought, indicating potential for a short-term price drop.
The RSI value of HHH is 87.72, which is well above the overbought threshold of 70. This suggests that the stock may be overvalued and could experience a price correction in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Hersha Hospitality Trust's stock is overbought, indicating potential for a short-term price drop.
The RSI value of HT is 87.57, which is well above the overbought threshold of 70. This suggests that the stock may be overvalued and could experience a price correction in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100