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Benzinga
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Top 2 Tech Stocks That May Keep You Up At Night In Q3

1. Coherent Corp's RSI indicates a risk of overbought conditions at 73.8. 2. Morgan Stanley raised Coherent's price target from $92 to $97. 3. Corning's stock, with an RSI of 84.4, signals overbought levels. 4. Corning announced a significant partnership with Apple to enhance glass production. 5. Both stocks have gained about 22% in the last month.

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FAQ

Why Bearish?

High RSI levels for both companies suggest potential price corrections. Historical overbought conditions often precede declines.

How important is it?

Overbought conditions could influence broader market sentiment, especially in tech-heavy indices.

Why Short Term?

Market corrections typically occur shortly after overbought signals are indicated. Performance reflects within weeks rather than months.

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