Top 2 Risk Off Stocks You May Want To Dump In Q4
Portfolio Pulse from Lisa Levin
Blue Apron Holdings, Inc. (APRN) and Almacenes Éxito S.A. (EXTO) are considered overbought stocks in the consumer staples sector, with RSI values of 76.88 and 72.67 respectively. Blue Apron is set to be acquired by Wonder Group for $13 per share, while Almacenes Éxito's stock has jumped more than 25% over the past month.
October 24, 2023 | 11:54 am
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NEGATIVE IMPACT
Blue Apron is overbought with an RSI of 76.88 and is set to be acquired by Wonder Group for $13 per share.
Blue Apron's overbought status and upcoming acquisition by Wonder Group could lead to a short-term decrease in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Almacenes Éxito is overbought with an RSI of 72.67 and its stock has jumped more than 25% over the past month.
Almacenes Éxito's overbought status and recent stock price increase could lead to a short-term decrease in its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100