Top 2 Financials Stocks You May Want To Dump In August
Portfolio Pulse from Avi Kapoor
As of August 13, 2024, Sezzle Inc (NASDAQ: SEZL) and Heritage Insurance Holdings Inc (NYSE: HRTG) are considered overbought based on their RSI values. Both companies reported strong quarterly earnings, leading to significant stock price increases. Sezzle's RSI is 72.74, and Heritage Insurance's RSI is 78.10, indicating potential short-term price corrections.
August 13, 2024 | 1:10 pm
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NEGATIVE IMPACT
Heritage Insurance Holdings posted strong quarterly earnings, resulting in a 49% stock price increase over the past five days. The RSI value of 78.10 indicates the stock is overbought, suggesting a potential short-term price correction.
The RSI value of 78.10 indicates that Heritage Insurance Holdings is overbought, which often precedes a price correction. Despite strong earnings, the rapid price increase suggests a potential pullback.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Sezzle Inc reported strong Q2 financial results, leading to a 58% stock price increase over the past five days. The RSI value of 72.74 indicates the stock is overbought, suggesting a potential short-term price correction.
The RSI value of 72.74 indicates that Sezzle Inc is overbought, which often precedes a price correction. Despite strong earnings, the rapid price increase suggests a potential pullback.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100