As of March 8, 2024, three stocks in the consumer discretionary 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.
Carvana Co. (NYSE:CVNA)
On Feb. 28, the company debuted its newest Car Vending Machine in San Diego, California. The company's stock gained around 52% over the past month and has a 52-week high of $84.59 .
RSI Value: 71.37
CVNA Price Action: Shares of Carvana gained 2.1% to close at $79.47 on Thursday.
Codere Online Luxembourg, S.A. (NASDAQ:CDRO)
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.
CarMax, Inc. (NYSE:KMX)
On Feb. 29, B of A Securities analyst John Murphy maintained CarMax with an Underperform and raised the price target from $44 to $50. The company's stock gained around 10% over the past month has a 52-week high of $87.50.
RSI Value: 70.98
KMX Price Action: Shares of CarMax gained 0.1% to close at $80.66 on Thursday.
截至2024年3月8日，非必需消费品板块的三只股票可能会向将动量视为交易决策关键标准的投资者发出真正的警告。
RSI 是一种动量指标，它比较股票在价格上涨的日子和价格下跌的日子的走势。与股票的价格走势相比，它可以让交易者更好地了解股票在短期内的表现。根据Benzinga Pro的数据，当相对强弱指数高于70时，资产通常被视为超买。
以下是该行业主要超买参与者的最新名单。
Carvana Co.（纽约证券交易所代码：CVNA）
Codere Online卢森堡有限公司（纳斯达克股票代码：CDRO）
2月29日，Codere Online公布了第四季度和2023年全年的财务业绩。Codere Online首席执行官阿维夫·谢尔表示：“尽管去年同期与世界杯相比很艰难，但我们在2023年第四季度实现了令人印象深刻的33％的净博彩收入增长，达到5000万欧元，这是我们有史以来最高的季度数字。事实证明，我们对墨西哥和西班牙的战略重点是成功的，我们的活跃客户群和每位客户的支出均显著增加，这两个国家的营销投资回报率很高。赌场继续超出我们的预期，在此期间连续第二个季度贡献了总净博彩收入的58％。”该公司的股票在过去一个月中上涨了约57％， 创下 52 周新高 7.51 美元。
RSI 值：74.28
CDRO价格走势：卢森堡Codere Online的股价周四下跌0.6％，收于6.91美元。
CarMax, Inc.（纽约证券交易所代码：KMX）
