Published on 22 Mar 2024 on Benzinga
Top 5 Consumer Stocks That May Crash This Month - Despegar.com (NYSE:DESP), J.Jill (NYSE:JILL)
As of March 22, 2024, five stocks in the consumer discretionary 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.