Top 5 Consumer Stocks That May Crash In August
Portfolio Pulse from Lisa Levin
The article lists five consumer stocks that are considered overbought and may crash in August. These include MakeMyTrip Limited (MMYT), Perdoceo Education Corporation (PRDO), Capri Holdings Limited (CPRI), MINISO Group Holding Limited (MNSO), and H&R Block, Inc. (HRB). All these companies have reported better-than-expected financial results recently, but their Relative Strength Index (RSI) values are above 70, indicating they are overbought.
August 30, 2023 | 1:15 pm
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NEGATIVE IMPACT
Capri Holdings Limited's stock is considered overbought with an RSI value of 75.05.
The company's stock is overbought, which could lead to a price correction in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
H&R Block, Inc.'s stock is considered overbought with an RSI value of 78.03.
The company's stock is overbought, which could lead to a price correction in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
MakeMyTrip Limited's stock is considered overbought with an RSI value of 78.54.
The company's stock is overbought, which could lead to a price correction in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
MINISO Group Holding Limited's stock is considered overbought with an RSI value of 72.40.
The company's stock is overbought, which could lead to a price correction in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Perdoceo Education Corporation's stock is considered overbought with an RSI value of 70.55.
The company's stock is overbought, which could lead to a price correction in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100