Top 3 Tech Stocks That Are Ticking Portfolio Bombs

Comments
Loading...

As of Jan. 23, 2025, three stocks in the information technology 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.

Kopin Corp KOPN

  • Kopin shares rose sharply on Wednesday amid a report suggesting the company may be interested in competing for an Army contract. The company's stock surged around 20% over the past five days and has a 52-week high of $2.82.
  • RSI Value: 77.7                                
  • KOPN Price Action: Shares of Kopin gained 14% to close at $1.47 on Wednesday.

Guidewire Software Inc GWRE

  • Guidewire Software will replace Arrowhead Pharmaceuticals in the S&P MidCap 400, effective prior to opening of trading on Jan. 27. The company's stock gained around 5% over the past five days and has a 52-week high of $209.14.
  • RSI Value: 72.5
  • GWRE Price Action: Shares of Guidewire Software gained 1.1% to close at $183.49 on Wednesday.

Himax Technologies Inc HIMX

  • On Jan. 10, Delta reported fourth-quarter adj. operating revenue growth of 5.7% year-over-year to $14.437 billion. GAAP operating revenue was $15.56 billion (+9.4% YoY), beating the consensus of $14.212 billion. The company's stock gained around 29% over the past five days and has a 52-week high of $11.14.
  • RSI Value: 74.9
  • HIMX Price Action: Shares of Himax gained 3.8% to close at $9.92 on Wednesday.

Read This Next:

Overview Rating:
Speculative
37.5%
Technicals Analysis
66
0100
Financials Analysis
20
0100
Overview
Market News and Data brought to you by Benzinga APIs

Posted In:
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!