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As of Jan. 13, 2025, two stocks in the industrials 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.
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Here's the latest list of major overbought players in this sector.
Boeing Co (NYSE:BA)
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Boeing will release its financial results for the fourth quarter of 2024 on Tuesday, Jan. 28. The company's stock surged around 1% over the past month and has a 52-week high of $228.28.
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RSI Value: 73.3
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BA Price Action: Shares of Boeing gained 0.1% to close at $172.00 on Friday.
Alaska Air Group Inc (NYSE:ALK)
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On Jan. 7, Susquehanna analyst Christopher Stathoulopoulos upgraded Alaska Air from Neutral to Positive and raised the price target from $45 to $95. The company's stock gained around 9% over the past month and has a 52-week high of $69.10.
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RSI Value: 76.8
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ALK Price Action: Shares of Alaska Air gained 2.9% to close at $68.18 on Friday.
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This article Top 2 Industrials Stocks That May Fall Off A Cliff In January originally appeared on Benzinga.com
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