Stock To Watch This Week

 

HedgeFundLIVE –

Overbought Names: Stock’s with RSI’s 70 or greater

 LO – 87.17

IRM – 78.26

HRB – 75.98

PM – 75.09

DFS – 71.59

GME – 70.97

LUK – 70.75

ARG – 70.69

MSI – 70.56

WFMI – 70.42

MO – 70.11

SJM – 70.11

RAI – 70.02

– These names are now on my radar screen but I will not take action until I get confirmation that there is a good chance of a reversal.  Names can be overbought for a long time so I like to couple the RSI indicator with a MACD indicator.  Once I see a negative line…..

Click Here for full article. 

http://www.hedgefundlive.com/blog/stock-to-keep-and-eye-on-this-week

 

NOW WATCH: Money & Markets videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.