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GRPN
Benzinga
152 days

Stock Of The Day: Is The Groupon Rally Over?

1. Groupon's stock is trending higher but may soon reverse. 2. RSI indicates GRPN is overbought and near resistance. 3. Traders might start selling around $18, triggering price pressure. 4. Past RSI signals led to subsequent sell-offs for GRPN. 5. A potential snowball effect in selling could drive prices lower.

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FAQ

Why Bearish?

The overbought condition signals potential price declines, historically leading to sell-offs.

How important is it?

The article highlights imminent selling pressure based on technical indicators, impacting GRPN directly.

Why Short Term?

Immediate resistance and overbought signals suggest quick price corrections after recent trends.

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