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Benzinga
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Top 3 Tech And Telecom Stocks That May Keep You Up At Night In Q2

1. Three overbought stocks in communication services sector could warn investors. 2. Fox Corp's RSI is at 70.9 with a recent price action up 3.4%. 3. AT&T's RSI is at 70.2 with a 0.4% price increase. 4. Tim SA's RSI is at 74.5 with a 1.4% price rise recently. 5. Analysts maintain positive ratings but indicate potential short-term caution.

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FAQ

Why Neutral?

The upward RSI suggests potential overbought conditions, leading to cautious trading. Historical instances show overbought stocks may retrace shortly after peaks.

How important is it?

While individual stocks have positive ratings, overbought signals suggest caution that could affect broader market sentiment.

Why Short Term?

Overbought conditions typically lead to short-term corrections, impacting the S&P's near-term performance.

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