Top 3 Health Care Stocks That Should Keep You Up At Night This Quarter
Portfolio Pulse from Avi Kapoor
Three health care stocks, Aveanna Healthcare Holdings Inc (AVAH), Revolution Medicines Inc (RVMD), and Fulcrum Therapeutics Inc (FULC), are currently overbought according to their RSI values. Investors should be cautious as these stocks have shown significant recent gains.
July 16, 2024 | 12:16 pm
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NEGATIVE IMPACT
Aveanna Healthcare Holdings Inc (AVAH) has shown significant recent gains, with a 38% increase over the past five days and a high RSI value of 76.61, indicating it is overbought.
The high RSI value of 76.61 suggests that AVAH is overbought, which could lead to a short-term price correction. The recent 38% gain further supports the likelihood of a pullback.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Fulcrum Therapeutics Inc (FULC) has gained 40% over the past five days and has an RSI value of 70.72, indicating it is overbought.
The RSI value of 70.72 suggests that FULC is overbought, which could lead to a short-term price correction. The recent 40% gain further supports the likelihood of a pullback.
CONFIDENCE 88
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Revolution Medicines Inc (RVMD) has gained 24% over the past month and has an RSI value of 75.60, indicating it is overbought.
The RSI value of 75.60 indicates that RVMD is overbought, which could lead to a short-term price correction. The 24% gain over the past month adds to the likelihood of a pullback.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100