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S&P 500 Soars to Record Highs, but Some Stocks Show Signs of Overbought Conditions
The S&P 500 hit all-time highs this week, with the Nasdaq up over 3%, but some stocks, such as Walmart (RSI 83.3) and Netflix (RSI >76), are overbought and might experience a pullback; oversold stocks include Kraft Heinz and Mondelez.
S&P 500 Soars to Record Highs, but Some Stocks Show Signs of Overbought Conditions
The S&P 500 hit all-time highs this week, with the Nasdaq up over 3%, but some stocks, such as Walmart (RSI 83.3) and Netflix (RSI >76), are overbought and might experience a pullback; oversold stocks include Kraft Heinz and Mondelez.
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