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Benzinga
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Top 2 Utilities Stocks That May Crash This Quarter

1. Utilities sector shows potential overbought stocks, signaling caution for momentum traders. 2. National Grid (NGG) RSI is at 70.9; stock gained 1.9%, closing at $77.75. 3. American Electric Power (AEP) has an RSI of 72.4; stock rose 1.6% to $121.43. 4. Both companies are experiencing organic growth and strategic partnerships enhancing performance. 5. Momentum indicators suggest increased volatility may impact short-term trading strategies.

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FAQ

Why Bearish?

Overbought conditions in key stocks may prompt profit-taking and market corrections.

How important is it?

Overbought stocks in the utilities sector may indicate broader market volatility, impacting S&P.

Why Short Term?

Investors may react quickly to overbought signals, leading to immediate sell-offs.

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