Welcome to Extreme Investor Network, where we bring you the latest information and insights to help you navigate the world of investing. Today, we’re going to take a look at some of Wall Street’s most overbought and oversold stocks, giving you a unique perspective on what the market is doing and where potential opportunities may lie.
While the S & P 500 is set to finish this volatile trading month higher, there are individual stocks that may be due for a pullback. Using our stock screener tool, we have identified some of the most overbought and oversold names based on their 14-day relative strength index (RSI).
Lockheed Martin and Northrop Grumman are two of the most overbought stocks, with RSIs of 82.3 and 83.6, respectively. These defense stocks are benefiting from increased unmanned systems spending by the Department of Defense, but analysts are divided on their future prospects.
On the other end of the spectrum, Dollar General and Dollar Tree are among the most oversold stocks, with RSIs of 19.7 and 21.3. Dollar General saw a sharp drop in share price after missing earnings and revenue expectations, while Dollar Tree fell in sympathy.
In addition, Moderna and Super Micro Computer also made the oversold list, presenting potential opportunities for investors looking for bargain stocks.
At Extreme Investor Network, we pride ourselves on bringing you the latest insights and analysis to help you make informed investment decisions. Stay tuned for more updates and information on the hottest trends in the market.