Top 2 Industrials Stocks You May Want To Dump In Q4
Portfolio Pulse from Lisa Levin
The article identifies REV Group, Inc. (REVG) and Globus Maritime Limited (GLBS) as overbought stocks in the industrials sector, suggesting they may be overvalued. REV Group reported a Q3 FY23 sales growth of 14.3% YoY to $680 million, beating consensus. Globus Maritime has regained compliance with Nasdaq's minimum closing bid price.
October 05, 2023 | 12:31 pm
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NEGATIVE IMPACT
Globus Maritime's stock is considered overbought with an RSI value of 77.23, suggesting it may be overvalued.
The RSI value above 70 indicates that the stock is overbought and may be overvalued, which could lead to a price correction in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
REV Group's stock is considered overbought with an RSI value of 70.13, suggesting it may be overvalued.
The RSI value above 70 indicates that the stock is overbought and may be overvalued, which could lead to a price correction in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100