Top 3 Tech Stocks You May Want To Dump This Quarter
Portfolio Pulse from Avi Kapoor
As of July 18, 2024, three tech stocks—IBM, HP Inc, and Juniper Networks—are considered overbought based on their RSI values. Investors may want to reconsider holding these stocks in the short term.
July 18, 2024 | 12:44 pm
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NEGATIVE IMPACT
HP Inc's stock is considered overbought with an RSI of 70.30. The company recently appointed a new CFO, and shares have gained 5% over the past five days.
HP Inc's RSI indicates it is overbought, suggesting a potential price correction. The recent appointment of a new CFO adds to the uncertainty.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
IBM's stock is considered overbought with an RSI of 71.66. The company is set to report its Q2 results on July 24. Shares have gained 10% over the past month.
IBM's RSI indicates it is overbought, suggesting a potential price correction. Upcoming Q2 results could add volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Juniper Networks' stock is considered overbought with an RSI of 75.31. The company will release preliminary Q2 results on July 25. Shares have gained 5% over the past month.
Juniper Networks' RSI indicates it is overbought, suggesting a potential price correction. Upcoming preliminary Q2 results could add volatility.
CONFIDENCE 88
IMPORTANCE 75
RELEVANCE 100