Published on 8 May 2024 on Benzinga
Top 2 Financial Stocks That May Fall Off A Cliff In May - Payoneer Global (NASDAQ:PAYO)
As of May 8, 2024, two stocks in the financial 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.