Top 3 Utilities Stocks That Could Lead To Your Biggest Gains This Month
Portfolio Pulse from Avi Kapoor
The article highlights three oversold utility stocks with RSI values near or below 30, indicating potential buying opportunities. The stocks mentioned are Enel Chile SA (ENIC), CenterPoint Energy Inc (CNP), and Alternus Clean Energy Inc (ALCE).
August 08, 2024 | 1:20 pm
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POSITIVE IMPACT
Alternus Clean Energy Inc (ALCE) has seen a 40% decline over the past month and is trading near its 52-week low with an RSI of 26.85, indicating it may be oversold.
ALCE's RSI value of 26.85 suggests it is oversold, which could attract buyers looking for undervalued stocks. The significant price decline and proximity to its 52-week low further support this potential.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
CenterPoint Energy Inc (CNP) recently priced a $250 million public offering and has seen an 8% decline over the past five days. Its RSI is 27.33, indicating it may be oversold.
CNP's RSI value of 27.33 indicates it is oversold. The recent public offering and price decline may present a buying opportunity for investors.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
POSITIVE IMPACT
Enel Chile SA (ENIC) has seen a 9% decline over the past month and is trading near its 52-week low with an RSI of 29.87, indicating it may be oversold.
ENIC's RSI value of 29.87 suggests it is oversold, which could attract buyers looking for undervalued stocks. The recent price decline and proximity to its 52-week low further support this potential.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100