For 5 Stocks, The RSI Signals Overbought Situation
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For 5 Stocks, The RSI Signals Overbought Situation – (PPHM, GM, DHI, TOL, PHM)
The relative strength index (RSI) is a technical analysis indicator that helps you to determine the velocity and magnitude of stock price oscillation. The momentum oscillator is a widely used indicator and can point toward an upcoming reversal of a trend, either up or down. There have been subsequent interpretations and expansions since the first introduction of the Relative Strength Oscillator.
For example , rather than to use Wilders levels of 70 and 30 to find extreme market trends, many traders instead favor using levels of 85 and 25 as more a reliable method of using the indicator. An important point to consider while using the RSI oscillator is that rather than actually reflecting a market ready for reversal, it can simply prove sign of a prolonged strong move. This is the case when the market is likely to remain in extreme reading for an extended time.
Peregrine Pharmaceuticals (NASDAQ
PHM) currently has an RSI of 74.16. This year, the company has a year-to-date performance up +374.76%. The stock, as of the last close, traded up 1153.85% from its 52 week low and was 4.86% behind its 52 week high.
The latest closing price was +333.09% up from the SMA200 while the distance from the SMA 50 and the SMA 20 was +107.77% and +52.55% respectively. PPHM, a biopharmaceutical company, engages in the research and development of monoclonal antibodies for the treatment and diagnosis of cancer and viral infections.
General Motors Company (NYSE:GM) designs, manufactures, and markets cars, crossovers, trucks, and automobile parts worldwide. The RSI of General Motors Company is at 75.81. The stock’s 2012 performance has remained up at +22.10%.
Its price, as of the latest close, was 32.21% up from the 52 week low and was 10.59% below the 52 week high. The stock’s latest closing price was +9.33% up from the average 200 day price while it kept its distance from the SMA 50 at +18.47% and +11.07% compared with the SMA 20.
D.R. Horton, Inc. (NYSE
HI)’s RSI reading has hit 71.47. The company so far in this year moved up +77.48% and its monthly performance stands at +20.70%.
The stock was up 179.60% compared with 52 week low and was 1.16% below 52 week high. Its latest closing price was +39.80% up from the average-price of 200 days while it kept the distance from the SMA 50 at +17.97% and +12.57% compared with the SMA 20. DHI operates as a homebuilding company in the United States.
Toll Brothers Inc. (NYSE:TOL) together with its subsidiaries, designs, builds, markets, and arranges finance for single-family detached. Toll Brothers Inc.’s RSI is now at 71.85.The stock has shown an uptrend of +78.31% this year with a monthly performance of +13.89% and a 3-month performance up +78.31%.
Its latest closing price was up +40.75% from an average-price of 200 days while it maintained a distance from SMA 50 at +15.63% and +8.80% compared with the SMA 20. Its shares were up 176.67% compared with 52 week low and were 0.76% below 52 week high.
PulteGroup, Inc. (NYSE HM) through its subsidiaries, engages in homebuilding and financial services businesses primarily in the United States. Company has a RSI reading of 72.75. Year-to-date performance of the stock stands at +160.38% and rose +72.40% in last three months and +264.30% in the previous twelve months.
Its price, as of the latest close, was 399.39% up from its 52 week low and was 1.26% below its 52 week high. Its latest closing price was +72.61% up from the average-price of 200 days while it stayed away from the SMA 50 at +29.51% and +14.83% compared with the SMA 20. PHM through its subsidiaries, engages in homebuilding and financial services businesses primarily in the United States
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