Top 2 Utilities Stocks That May Implode In Q3
Portfolio Pulse from Avi Kapoor
NiSource Inc (NYSE:NI) and PPL Corp (NYSE:PPL) are identified as potentially overbought stocks in the utilities sector, with RSI values of 82.19 and 70.90 respectively. NiSource recently reported strong earnings and a 7% stock gain, while PPL secured $72 million in federal funding and saw a 4% stock increase.
September 16, 2024 | 12:51 pm
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NEGATIVE IMPACT
NiSource Inc is considered overbought with an RSI of 82.19, indicating potential for a price correction despite recent strong earnings and a 7% stock gain.
NiSource's RSI of 82.19 suggests it is overbought, which often precedes a price correction. Despite strong earnings and a recent stock gain, the high RSI indicates potential downward pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
PPL Corp is flagged as overbought with an RSI of 70.90. The stock has gained 4% recently, supported by $72 million in federal funding, but may face a price correction.
PPL's RSI of 70.90 indicates it is overbought, suggesting a potential price correction. The recent stock gain and federal funding are positive, but the high RSI could lead to downward pressure.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90