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.

• On Feb. 29, Codere Online reported financial results for the fourth quarter and full year 2023. Aviv Sher, CEO of Codere Online, stated, "In Q4 2023 we delivered an impressive 33% growth in net gaming revenue to €50 million, our highest ever quarterly figure, despite a tough comp with the World Cup in the prior year period. Our strategic focus on Mexico and Spain, where we are seeing a strong return on marketing investment, has proven successful, with significant increases in both our active customer base and spend per customer. Casino continued to exceed our expectations with a second consecutive quarter contributing 58% of total net gaming revenue in the period." The company’s stock gained around 57% over the past month and has a 52-week high of $7.51.
• RSI Value: 74.28
• CDRO Price Action: Shares of Codere Online Luxembourg fell 0.6% to close at $6.91 on Thursday.