Top 2 Tech And Telecom Stocks That May Keep You Up At Night In September
Portfolio Pulse from Avi Kapoor
As of September 17, 2024, Travelzoo (TZOO) and Roblox Corp (RBLX) are identified as overbought stocks in the communication services sector, with RSI values above 70. Travelzoo's stock has gained 16% over the past month, while Roblox has gained 13%.
September 17, 2024 | 12:40 pm
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NEGATIVE IMPACT
Travelzoo is considered overbought with an RSI of 73.82. Despite a recent 16% gain, shares fell 4% to $14.32. Analyst Theodore O’Neill initiated coverage with a Buy rating and a $35 price target.
Travelzoo's RSI indicates it is overbought, suggesting a potential price correction. The recent 4% drop supports this. However, the Buy rating and $35 target may provide some support.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Roblox is overbought with an RSI of 70.90. The stock gained 13% recently, closing at $46.24. Upcoming changes to attract traditional game developers could impact future performance.
Roblox's RSI suggests it is overbought, but the company's strategic changes could offset potential price corrections. The stock's recent gains reflect positive sentiment.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 85