Top 3 Financials Stocks That May Plunge In September

Group 1: Market Overview - As of September 23, 2024, three stocks in the financial sector are showing signs of being overbought, which may concern momentum-focused investors [1] - The Relative Strength Index (RSI) is a key momentum indicator that helps traders assess stock performance by comparing price strength on up days versus down days [2] Group 2: Company-Specific Insights - ICICI Bank Ltd (IBN): The stock has increased approximately 10% over the past month, reaching a 52-week high of $31.60, with an RSI value of 79.28. On the last trading day, shares closed at $31.38 after a 2% gain [3] - HDFC Bank Ltd (HDB): The stock has risen around 8% in the last month, achieving a 52-week high of $67.44. The RSI value stands at 79.06, and shares closed at $65.73 after a 1.4% increase [4] - Jefferies Financial Group Inc (JEF): The stock gained about 6% over the past five days, with a 52-week high of $62.67 and an RSI value of 70.42. However, shares fell 0.4% to close at $62.07 [5]