Top 3 Tech And Telecom Stocks You May Want To Dump In October
Portfolio Pulse from Lisa Levin
EverQuote, SciPlay Corporation, and IDT Corporation are considered overbought stocks in the communication services sector, with RSI values above 70, indicating they may be overvalued. EverQuote and SciPlay reported better-than-expected Q2 results, while IDT is expected to report its Q4 and fiscal year 2023 results on Oct. 12, 2023.
October 10, 2023 | 10:54 am
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NEGATIVE IMPACT
EverQuote's stock is considered overbought with an RSI value of 70.03. The company reported better-than-expected Q2 results.
EverQuote's stock is considered overbought, indicating it may be overvalued. This, combined with better-than-expected Q2 results, could lead to a short-term price decrease.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
IDT's stock is considered overbought with an RSI value of 75.11. The company is expected to report its Q4 and fiscal year 2023 results on Oct. 12, 2023.
IDT's stock is considered overbought, indicating it may be overvalued. The upcoming Q4 and fiscal year 2023 results could impact the stock's short-term price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
SciPlay's stock is considered overbought with an RSI value of 72.25. The company reported better-than-expected Q2 results.
SciPlay's stock is considered overbought, indicating it may be overvalued. This, combined with better-than-expected Q2 results, could lead to a short-term price decrease.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100