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As of January 13, 2025, two stocks in the industrial sector could be a real warning sign for investors who value momentum as a key criterion in their trading decisions.
The RSI is a momentum indicator that compares a stock’s strength on days when prices rise and its strength on days when prices fall. Compared to a stock’s price action, this can give traders a better idea of how a stock might perform in the short term. According to Benzinga Pro, an asset is generally considered overbought when the RSI is above 70.
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Here is the latest list of major overbought players in this sector.
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Boeing will report its fourth-quarter 2024 financial results on Tuesday, January 28. The company’s shares are up about 1% over the past month, hitting a 52-week high of $228.28.
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RSI value: 73.3
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BA Price promotion: Shares of Boeing rose 0.1% to close at $172.00 on Friday.
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On January 7, Susquehanna analyst Christopher Stathoulopoulos upgraded Alaska Air from Neutral to Positive and raised the price target from $45 to $95. The company’s shares are up about 9% over the past month, hitting a 52-week high of $69.10.
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RSI value: 76.8
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ALK price promotion: Shares of Alaska Air rose 2.9% to close at $68.18 on Friday.
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This article Top 2 Industrial Stocks That Could Fall Off a Cliff in January originally appeared on Benzinga.com
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