Top 5 Consumer Stocks That May Implode This Quarter
Portfolio Pulse from Lisa Levin
The article lists five consumer stocks that are considered overbought and may implode this quarter. These include New Oriental Education & Technology Group Inc. (EDU), E-Home Household Service Holdings Limited (EJH), PDD Holdings Inc. (PDD), TAL Education Group (TAL), and Abercrombie & Fitch Co. (ANF). The Relative Strength Index (RSI) of these stocks is above 70, indicating they are overbought.
October 11, 2023 | 12:23 pm
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NEGATIVE IMPACT
Abercrombie & Fitch Co.'s stock is overbought with an RSI of 70.32.
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
New Oriental Education & Technology Group's stock is overbought with an RSI of 70.80.
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
E-Home Household Service Holdings Limited's stock is overbought with an RSI of 73.64.
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
PDD Holdings Inc.'s stock is overbought with an RSI of 72.97.
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
TAL Education Group's stock is overbought with an RSI of 74.56.
The company's stock is overbought, which could lead to a price correction in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100