NASDAQ Composite and Dow Jones Industrial Average: Identifying Overbought Stocks

NASDAQ Composite and Dow Jones Industrial Average on the Rise
The recent trends in the NASDAQ Composite and Dow Jones Industrial Average indicate a bullish sentiment in the stock markets. Investors need to pay attention to key players like Lam Research Corp and Super Micro Computer Inc, whose recent performances mark them as overbought.
Identifying Overbought Stocks
Through our analysis using the 14-day relative strength index (RSI), we have identified several stocks to watch:
- Robinhood Markets Inc.
- Western Digital Corp
- Intel Corp
- Micron Technology Inc.
This rise can signify potential corrections ahead, making it essential for investors to stay sharp.
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.