Top 2 Utilities Stocks That Could Blast Off In December
Portfolio Pulse from Avi Kapoor
The article highlights two oversold utilities stocks, Eco Wave Power Global AB (WAVE) and Constellation Energy Corporation (CEG), which could present buying opportunities in December. WAVE's RSI is at 19.30, with a slight revenue increase year-over-year and a recent 15% stock price decline. CEG's RSI is at 29.41, following a downgrade from Buy to Neutral by Seaport Global and an 8% stock price drop.
December 08, 2023 | 12:21 pm
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POSITIVE IMPACT
Constellation Energy Corporation's RSI of 29.41 and recent downgrade by Seaport Global may have contributed to its stock price decline. However, the oversold status could attract buyers looking for value.
CEG's downgrade and subsequent price fall have led to an RSI that suggests the stock is oversold. This could lead to a short-term uptick as investors might view the lower price as a buying opportunity.
CONFIDENCE 70
IMPORTANCE 65
RELEVANCE 85
POSITIVE IMPACT
Eco Wave Power Global AB has a very low RSI of 19.30, indicating it may be oversold. With a marginal increase in revenues and a recent 15% stock price decline, it could be poised for a short-term rebound.
WAVE's low RSI and recent price drop, coupled with a slight revenue increase, suggest the stock may be undervalued and could see a short-term price increase as investors recognize the potential for a rebound.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 90