Top 4 Real Estate Stocks You May Want To Dump This Quarter
Portfolio Pulse from Lisa Levin
Four real estate stocks, FLJ Group Limited (NASDAQ:FLJ), LuxUrban Hotels Inc. (NASDAQ:LUXH), Innovative Industrial Properties, Inc. (NYSE:IIPR), and Hersha Hospitality Trust (NYSE:HT), are considered overbought according to their RSI values, suggesting they may be overvalued. FLJ Group's RSI is 70.54, LuxUrban Hotels' is 77.27, Innovative Industrial Properties' is 71.89, and Hersha Hospitality Trust's is 87.64.
September 12, 2023 | 10:47 am
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FLJ Group Limited's stock is considered overbought with an RSI of 70.54, suggesting it may be overvalued.
The RSI is a momentum indicator that compares a stock's strength on days when prices go up to its strength on days when prices go down. An RSI above 70 typically indicates that a stock is overbought, suggesting it may be overvalued and could experience a price correction in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Hersha Hospitality Trust's stock is considered overbought with an RSI of 87.64, suggesting it may be overvalued.
The RSI is a momentum indicator that compares a stock's strength on days when prices go up to its strength on days when prices go down. An RSI above 70 typically indicates that a stock is overbought, suggesting it may be overvalued and could experience a price correction in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Innovative Industrial Properties, Inc.'s stock is considered overbought with an RSI of 71.89, suggesting it may be overvalued.
The RSI is a momentum indicator that compares a stock's strength on days when prices go up to its strength on days when prices go down. An RSI above 70 typically indicates that a stock is overbought, suggesting it may be overvalued and could experience a price correction in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
LuxUrban Hotels Inc.'s stock is considered overbought with an RSI of 77.27, suggesting it may be overvalued.
The RSI is a momentum indicator that compares a stock's strength on days when prices go up to its strength on days when prices go down. An RSI above 70 typically indicates that a stock is overbought, suggesting it may be overvalued and could experience a price correction in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100