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Top 2 Materials Stocks That Are Ticking Portfolio Bombs

1. Alcoa's RSI is at 73, indicating potential overbought conditions. 2. HSBC raised Alcoa's price target from $33 to $41. 3. Alcoa's stock gained 19% over the past month. 4. The company's 52-week high is $47.77, closing at $38.96. 5. Overall momentum suggests caution due to overbought status.

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FAQ

Why Bullish?

HSBC's price target raise indicates confidence, despite overbought RSI signals historically leading to sell-offs.

How important is it?

Bullish price target increase reflects analyst confidence impacting investor sentiment in the short term.

Why Short Term?

Short-term momentum could reverse if profit-taking occurs from the overbought condition.

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