Top 3 Industrials Stocks You May Want To Dump This Month
Author: Avi Kapoor | December 12, 2024 09:31am
As of Dec. 12, 2024, three stocks in the industrials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70, according to Benzinga Pro.
Here's the latest list of major overbought players in this sector.
Alaska Air Group, Inc. (NYSE:ALK)
- On Dec. 7, Adaptive Biotechnologies presented new data at ASH 2024 showcasing clonoSEQ MRD testing advances and its role in guiding blood cancer treatment decisions. The company's shares gained around 25% over the past month and has a 52-week high of $65.28.
- RSI Value: 84.77
- ALK Price Action: Shares of Alaska Air gained 4.6% to close at $64.09 on Wednesday.
APi Group Corp (NYSE:APG)
- On Dec. 9, Citigroup analyst Andrew Kaplowitz maintained APi Group with a Buy and raised the price target from $42 to $45. The company's stock gained around 6% over the past month and has a 52-week high of $40.89.
- RSI Value: 75.33
- APG Price Action: Shares of APi Group gained 0.2% to close at $39.26 on Wednesday.
Tecnoglass Inc (NYSE:TGLS)
- On Dec. 11, Tecnoglass announced that its board of directors has approved a 36% increase in the quarterly dividend on its ordinary shares, to 15 cents per share from 11 cents per share. The company's stock gained around 16% over the past month and has a 52-week high of $86.08.
- RSI Value: 76.52
- TGLS Price Action: Shares of Tecnoglass gained 4.8% to close at $85.52 on Wednesday.
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Posted In: ALK APG TGLS
