Apple is now overbought after rallying to record highs this week

[Pelican Press 0]

Apple is now overbought after rallying to record highs this week

This is the hidden content, please

• Sign In
• or
• Sign Up

in the so-called ” trillionaires club .” As of Friday, the company’s market capitalization was just shy of $800 billion. Broadcom’s shares hit a 14-day RSI of roughly 84 this week, suggesting they’re well overbought. Analysts see slightly more upside from current levels, with consensus target prices calling for a roughly 5% rise, per LSEG. Shares are up nearly 55% in 2024. AI darling Nvidia is also on a strong run, with a gain of 165% in 2024. Shares of Nvidia are also overbought this week, touting a 14-day RSI of about 81. Analysts surveyed by LSEG see the stock losing some steam, though. The average price target implies a roughly 6% dip from here. Among oversold stocks, aerospace and defense firm Northrop Grumman topped the list this week with a 14-day RSI of about 17. Shares have slipped about 10% in 2024. Analysts forecast a turnaround from here, estimating upside of nearly 20% based on consensus price targets, per LSEG. Last month , the defense giant raised its quarterly dividend by 10% to $2.06 a share. It marked Northrop Grumman’s 21st consecutive annual dividend increase. The stock now has a dividend yield of nearly 2%. Other oversold stocks this week include Tyson Foods and Paycom .

This is the hidden content, please

• Sign In
• or
• Sign Up

Dow Jones Industrial Average,NASDAQ Composite,S&P 500 Index,Paycom Software Inc,Tyson Foods Inc,Northrop Grumman Corp,TJX Companies Inc,Hewlett Packard Enterprise Co,NVIDIA Corp,Broadcom Inc,

This is the hidden content, please

• Sign In
• or
• Sign Up

,Markets,Investment strategy,business news
#Apple #overbought #rallying #record #highs #week

This is the hidden content, please

• Sign In
• or
• Sign Up

For verified travel tips and real support, visit: https://hopzone.eu/