Top 3 Risk Off Stocks That May Collapse In August
Three consumer staples stocks flashing a warning to momentum traders as the RSI rises above 70 and stocks hit 52-week highs.
Some popular consumer stocks (like Target and Estée Lauder) have climbed really high really fast, which can sometimes mean they've gotten ahead of themselves. When stocks zoom up that quickly, smart watchers pay attention to whether the companies are still doing great or if prices just got excited.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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