Megacap Stocks at Risk of Pullback Due to Overbought Conditions

Wednesday, 19 June 2024, 12:37

Several megacap stocks, including Nvidia, are showing signs of being extremely overbought, indicating a possible near-term pullback. Bespoke Investment Group highlights the concerning price levels of Nvidia and others, suggesting caution for investors.
CNBC
Megacap Stocks at Risk of Pullback Due to Overbought Conditions

Megacap Stocks Overbought:

Some megacap stocks, such as Nvidia, appear extremely overbought on price, as noted by Bespoke Investment Group.

  • Potential Pullback: Investors should be cautious regarding the elevated levels of these stocks.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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