these stocks are kind of like a ticking time bomb because they're so expensive and might burst or go down really soon. The RSI is like a game that helps us see if the stock is going to go up or down, and when it's really high, it means it's getting closer to bursting. So, these five stocks are like a warning that they might go down soon and people should be careful when buying them. Read from source...
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I think the RSI indicator is a great way to analyze momentum in a stock. It can give traders insight into how a stock might perform in the short term. Thanks for the information, I'll definitely be keeping an eye on these overbought stocks in the consumer discretionary sector.
Bearish
Event Study: overbought
the five consumer discretionary stocks that could be ticking time bombs in investors' portfolios. Avi Kapoor and Benzinga staff writer provide a list of companies that show warning signs to traders who prioritize momentum when making trading decisions. Sony Group, Rivian Automotive, Tesla, Evgo, and Everi Holdings are listed as potential risky stocks.