Top 2 Materials Stocks You May Want To Dump In October
Portfolio Pulse from Avi Kapoor
As of October 15, 2024, TriMas Corp (TRS) and Eagle Materials Inc (EXP) are considered overbought in the materials sector, with RSI values above 70. Both stocks have shown significant price gains recently, but investors may want to be cautious due to their overbought status.
October 15, 2024 | 11:28 am
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NEGATIVE IMPACT
Eagle Materials Inc is overbought with an RSI of 71.27. The stock has seen a 7% gain over the past month, but its overbought status may lead to a price correction.
Eagle Materials Inc has an RSI above 70, indicating it is overbought. Despite strong earnings and recent price gains, the overbought status suggests potential for a price correction.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
TriMas Corp is considered overbought with an RSI of 71.54. Despite a recent 7% gain and a Buy rating from BWS Financial, investors should be cautious.
TriMas Corp has an RSI above 70, indicating it is overbought. Despite a Buy rating and recent price gains, the overbought status suggests potential for a price correction.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80