As of May 16, 2025, three 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.
Here’s the latest list of major overbought players in this sector.
Leggett & Platt Inc (NYSE:LEG)
- On April 28, Leggett & Platt reported better-than-expected …
Full story available on Benzinga.com
As of May 16, 2025, three 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.
Here’s the latest list of major overbought players in this sector.
Leggett & Platt Inc (NYSE:LEG)
- On April 28, Leggett & Platt reported better-than-expected …
Full story available on Benzinga.com
As of May 16, 2025, three 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.
Here’s the latest list of major overbought players in this sector.
Leggett & Platt Inc (NYSE:LEG)
On April 28, Leggett & Platt reported better-than-expected …Full story available on Benzinga.com Read MoreConsumer Stocks, Expert Ideas, FOSL, LAUR, LEG, News, Overbought stocks, RSI, Short Ideas, Pre-Market Outlook, Markets, Trading Ideas, FOSL, US3498821004, LEG, US5246601075, LAUR, News, Short Ideas, Pre-Market Outlook, Markets, Trading Ideas, Benzinga Markets
