Top 3 Consumer Stocks That You May Want To Dump In March


The most overbought stocks in the consumer discretionary sector presents an opportunity to go short on these overvalued companies.

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.

Here’s the latest list of major overbought players in this sector.

Color Star Technology Co., Ltd. ADD

  • Color Star Technology's subsidiary announced strategic cooperation agreement with Quality Plus Biomedtech to assist each other's business in areas including marketing, brand building, data sharing, and R&D. The company’s stock has a 52-week high of $10.40 .
  • RSI Value: 76.71
  • ADD Price Action: Shares of Color Star Technology dropped 3.5% to close at $2.52 on Monday.

Kaival Brands Innovations Group, Inc. KAVL

  • Kaival Brands Innovations posted in-line quarterly loss. Eric Mosser, President and Chief Operating Officer of Kaival Brands, said, “With our two recent distribution announcements, totaling up to 53,500 doors, we are looking forward to expanding our national footprint. Despite a slight decrease in revenues versus the comparable quarter last year and our fiscal fourth quarter, primarily due to an unusually large amounts of credits, discounts, and rebates to customers, which we do not expect to continue, we are continuing to focus on broadening distribution channels and driving revenue, all with the goal of materially expanding our business and increasing shareholder value.” The company’s stock has a 52-week high of $2.53.
  • RSI Value: 71.21
  • KAVL Price Action: Shares of Kaival Brands Innovations fell 0.5% to close at $0.8658 on Monday.

TravelCenters of America Inc. TA

  • TravelCenters Of America posted better-than-expected Q4 earnings. The company has a 52-week high of $85.06.
  • RSI Value: 85.80
  • TA Price Action: Shares of TravelCenters of America fell 0.1% to close at $84.38 on Monday.

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