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S&P 500
Benzinga
26 days

Top 2 Tech Stocks You May Want To Dump This Quarter

1. MaxLinear reports better-than-expected Q2 sales and positive guidance. 2. Pixelworks stock surged 65% amidst in-line earnings for Q1. 3. MaxLinear’s RSI at 78.2 suggests overbought condition. 4. Pixelworks has an RSI of 87.8, indicating extreme overbought status. 5. Both stocks may signal caution for momentum-focused investors.

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FAQ

Why Bearish?

High RSIs for both stocks suggest potential corrective pullbacks. Historically, overbought stocks often experience declines.

How important is it?

Overbought signals in key technology stocks may impact overall sector sentiment, affecting S&P 500 trends.

Why Short Term?

Market corrections on overbought conditions can occur swiftly. Previous instances show rapid adjustments after high RSI values.

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