Top Real Estate Stocks That May Plunge

The most overbought stocks in the real estate 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.

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Comstock Holding Companies Inc CHCI

• Comstock Holding, during November, posted Q3 earnings of $0.37 per share, up from $0.34 per share in the year-ago period. The company’s stock has a 52-week high of $6.10 .
• RSI Value: 70.30
• CHCI Price Action: Shares of Comstock Holding jumped 13.1% to close at $4.93 on Thursday.

Luxurban Hotels Inc LUXH

• LuxUrban Hotels increased its growth capital by $5 million via amended revenue share agreement. The company’s stock has a 52-week high of $5.00.
• RSI Value: 85.00
• LUXH Price Action: Shares of Luxurban Hotels gained 3.8% to close at $2.75 on Thursday.

Rafael Holdings Inc RFL

• Rafael Holdings posted a Q1 loss of $0.22 per share, versus a year-ago loss of $0.75 per share. The company has a 52-week high of $3.61.
• RSI Value: 71.41
• RFL Price Action: Shares of Rafael Holdings gained 0.4% to close at $2.26 on Thursday.

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