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Benzinga
155 days

Top 2 Utilities Stocks That May Fall Off A Cliff In Q1

1. Two utility stocks show overbought conditions based on RSI indicators. 2. Consolidated Water Co Ltd announced a quarterly dividend and saw a 6% gain. 3. Centrais Eletricas Brasileiras' shares rose 5% over the past five days. 4. Both stocks' RSI values exceed 70, indicating potential overbought scenarios. 5. Investors relying on momentum may need to exercise caution with these stocks.

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FAQ

Why Bearish?

High RSI values indicate potential corrections, which can negatively affect market sentiment.

How important is it?

Momentum shifts in key sectors like utilities can influence broader market trends, including S&P 500.

Why Short Term?

Overbought conditions typically prompt a price pullback soon after, as seen historically.

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