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Benzinga
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Top 2 Risk Off Stocks That May Plunge This Month

1. Hain Celestial shows an RSI of 75.7, indicating overbought conditions. 2. Vita Coco has a recent upgrade and RSI of 71.9, nearing overbought status. 3. Hain Celestial's earnings are projected at 3 cents, with revenues of $371.46 million. 4. Overall, consumer staples may present a cautionary trend for momentum investors. 5. Both stocks indicate potential volatility affecting broader market sentiment.

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FAQ

Why Neutral?

While both companies show strength, overbought conditions suggest potential corrective action, mirroring historical trends where momentum indicators precede profit-taking.

How important is it?

The consumer staples' volatility could influence S&P 500, especially if broader market trends reflect similar patterns.

Why Short Term?

The indicators reflect immediate volatility; earnings surprises can impact S&P 500 within a quarter, as seen in prior market reactions.

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