Top 2 Energy Stocks You May Want To Dump In Q4
Portfolio Pulse from Avi Kapoor
Two energy stocks, RPC Inc (RES) and Comstock Resources Inc (CRK), are currently overbought according to their RSI values, suggesting potential caution for investors. RES has gained 12% in the past five days, while CRK has risen 30% over the past month.
October 08, 2024 | 10:55 am
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NEGATIVE IMPACT
Comstock Resources Inc (CRK) is overbought with an RSI of 71.45. The stock has surged 30% over the past month, suggesting a potential for a price correction.
CRK's RSI of 71.45 indicates overbought conditions, which typically signal a potential price correction. The 30% increase over the past month heightens this risk.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
RPC Inc (RES) is considered overbought with an RSI of 70.47. The stock has gained 12% over the past five days, indicating strong momentum but potential for a pullback.
The RSI value of 70.47 indicates that RES is overbought, which often precedes a price correction. The recent 12% gain adds to the likelihood of a short-term pullback.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90