Top 4 Health Care Stocks That May Keep You Up At Night This Month
Portfolio Pulse from Avi Kapoor
As of June 11, 2024, four health care stocks—Applied Therapeutics Inc (APLT), Eli Lilly And Co (LLY), Insmed Inc (INSM), and TransMedics Group Inc (TMDX)—are considered overbought based on their RSI values. These stocks have shown significant recent gains, which may be a warning sign for momentum-focused investors.
June 11, 2024 | 12:44 pm
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NEGATIVE IMPACT
Applied Therapeutics Inc (APLT) has shown a significant gain of 19% over the past five days, with a current RSI of 70.41, indicating it may be overbought. The stock closed at $5.11 on Monday.
The high RSI value suggests that the stock is overbought, which could lead to a short-term price correction. The recent gains and downbeat quarterly results add to the caution.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Insmed Inc (INSM) has gained around 132% over the past month, with a current RSI of 84.14, indicating it is overbought. The stock closed at $59.90 on Monday.
The extremely high RSI value suggests that the stock is significantly overbought, which could lead to a short-term price correction. The recent gains and public offering add to the caution.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Eli Lilly And Co (LLY) has gained around 14% over the past month, with a current RSI of 82.09, indicating it is overbought. The stock closed at $865.00 on Monday.
The high RSI value suggests that the stock is overbought, which could lead to a short-term price correction. The recent gains and phase 2 study results add to the caution.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
TransMedics Group Inc (TMDX) has gained around 9% over the past five days, with a current RSI of 71.12, indicating it may be overbought. The stock closed at $144.67 on Monday.
The high RSI value suggests that the stock is overbought, which could lead to a short-term price correction. The recent gains and raised guidance add to the caution.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100