Grand News Network | November 8, 2023

Top 4 Tech Stocks That May Implode This Month

The most overbought stocks in the information technology 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.

Agilysys, Inc. (NASDAQ: AGYS)

  • Agilysys reported better-than-expected second-quarter financial results and raised FY23 revenue guidance above estimates. "Our implementation efficiency continues to improve as the re-engineered core products and newly developed experience enhancer add-on software modules are performing well in the field and creating considerable value for customers. Excellent selling success momentum highlighted by one of our best ...

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