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Benzinga
21 days

Top 2 Real Estate Stocks You May Want To Dump This Month

1. Two real estate stocks show alarming momentum signs for investors. 2. Opendoor Technologies has an RSI of 74, indicating overbought conditions. 3. Piedmont Realty Trust's RSI is 70.5, also suggesting it may be overbought. 4. Opendoor's stock surged 154% in a month but recently fell 4.1%. 5. Piedmont Realty Trust gained 16% in the past month, closing at $8.70.

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FAQ

Why Bearish?

The identification of overbought conditions in key stocks suggests a potential market correction, similar to past RSI-triggered declines in high-momentum stocks.

How important is it?

The warnings around momentum indicators could lead to broader market caution, affecting sentiment in the S&P 500, especially if investors exit positions.

Why Short Term?

The overbought conditions typically lead to corrections within weeks, impacting near-term market sentiment and trading.

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