Are you looking to make the most out of your investments? Well, you’ve come to the right place! At Extreme Investor Network, we are always on the lookout for the latest trends and opportunities in the stock market. This week, stocks like United Airlines and Morgan Stanley have been experiencing significant buying activity on Wall Street. However, we believe that these stocks could be in store for a potential pullback.
Equities have been rallying to new all-time highs, driven by strong performances from technology giants like Amazon, Microsoft, and Nvidia. While this may seem like a bullish sign, it’s important to note that some stocks may have become overbought. That’s why we’ve screened for stocks with a 14-day relative strength index (RSI) above 70, indicating that a pullback may be on the horizon.
United Airlines is one of the stocks that has seen a surge in buying activity, with its stock price up over 82% in 2024. With a 14-day RSI of 85.9, United Airlines is considered overbought and could be due for a correction. Similarly, Morgan Stanley’s stock has also been overbought this week, with a 14-day RSI of 79.5. While the investment bank has performed well in 2024, analysts are predicting a slight pullback in its stock price.
On the flip side, Moderna is one of the oversold stocks on our list, with a 14-day RSI of 18.4. Despite a pullback of more than 45% in 2024, analysts are optimistic about the company’s future prospects, with price targets suggesting a potential upside of over 72%.
Whether you’re looking to capitalize on overbought stocks like United Airlines and Morgan Stanley, or seeking opportunities in oversold names like Moderna, Extreme Investor Network has got you covered. Stay tuned for more insights and analysis to help you navigate the ever-changing landscape of the stock market. Ready to take your investing game to the next level? Join our network today!