20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
As of April 12, 2024, three stocks in the health care sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70, according to Benzinga Pro.
Here’s the latest list of major overbought players in this sector.
OncoCyte Corporation (NASDAQ:OCX)
- On April 11, Oncocyte announced a $15.8 million private placement of securities priced at-the-market under Nasdaq rules. The company’s stock gained around 4% over the past five days and has a 52-week high of $6.80 .
- RSI Value: 73.87
- OCX Price Action: Shares of OncoCyte rose 1.2% to close at $2.9650 on Thursday.
Curis, Inc. (NASDAQ:CRIS)
- On April 5, Curis reported inducement grants under NASDAQ Listing Rule 5635(c)(4). The company’s stock gained around 59% over the past month and has a 52-week high of $17.49.
- RSI Value: 75.26
- CRIS Price Action: Shares of Curis gained 4.1% to close at $15.90 on Thursday.
Revolution Medicines, Inc. (NASDAQ:RVMD)
- On April 9, the company announced the publication of a research paper on RMC-6236 in Cancer Discovery. The company’s stock gained around 25% over the past five days and has a 52-week high of $38.73.
- RSI Value: 72.27
- RVMD Price Action: Shares of Revolution Medicines gained 2.5% to close at $37.41 on Thursday.
Read More: Fear & Greed Index Moves To 'Greed' Zone Following PPI Data; Nasdaq record Sharp Gains
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!