Top 2 Materials Stocks That May Implode This Quarter
Portfolio Pulse from Lisa Levin
Alpha Metallurgical Resources, Inc. (NYSE:AMR) and ZK International Group Co., Ltd. (NASDAQ:ZKIN) are considered overbought in the materials sector, with RSI values of 74.55 and 70.05 respectively. AMR reported better-than-expected Q2 earnings and closed at $245.26 on Tuesday. ZKIN shares surged over 40% in the past month and closed at $0.73 on Tuesday.
September 27, 2023 | 11:07 am
News sentiment analysis
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NEGATIVE IMPACT
Alpha Metallurgical Resources is considered overbought with an RSI of 74.55. The stock closed at $245.26 on Tuesday.
The stock is considered overbought, which typically indicates a potential price decrease in the short term. This is based on the RSI value of 74.55, which is above the threshold of 70.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
ZK International Group is considered overbought with an RSI of 70.05. The stock closed at $0.73 on Tuesday.
The stock is considered overbought, which typically indicates a potential price decrease in the short term. This is based on the RSI value of 70.05, which is just above the threshold of 70.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100