Top 2 Industrials Stocks That May Crash In Q4
Portfolio Pulse from Avi Kapoor
Uber Technologies Inc (UBER) and SkyWest Inc (SKYW) are identified as potentially overbought stocks in the industrials sector, with RSI values above 70. Both companies are set to discuss their Q3 2024 results on Oct. 31, which could impact their stock prices.
October 11, 2024 | 12:41 pm
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NEGATIVE IMPACT
SkyWest Inc is considered overbought with an RSI of 74.68. The stock has gained 19% over the past month, closing at $88.68. Upcoming Q3 results on Oct. 31 could influence its stock price.
SkyWest's RSI indicates it is overbought, suggesting a potential price correction. The upcoming Q3 results could further impact the stock, especially if the results do not meet expectations.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Uber Technologies Inc is considered overbought with an RSI of 72.91. The stock has gained 11% over the past month, closing at $77.92. Upcoming Q3 results on Oct. 31 could influence its stock price.
Uber's RSI indicates it is overbought, suggesting a potential price correction. The upcoming Q3 results could further impact the stock, especially if the results do not meet expectations.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80