Top 2 Energy Stocks That May Plunge This Quarter
Benzinga·2026-03-02 13:40

Core Viewpoint - Two stocks in the energy sector are signaling potential warnings for momentum-focused investors as of March 2, 2026 [1] Group 1: Momentum Indicators - The Relative Strength Index (RSI) is a key momentum indicator that compares a stock's performance on up days versus down days, with a value above 70 indicating overbought conditions [2] - The latest list highlights major overbought stocks in the energy sector [2] Group 2: Company Analysis - Nordic American Tankers Ltd (NYSE:NAT) reported disappointing quarterly results on February 26, despite a stock price increase of approximately 37% over the past month, reaching a 52-week high of $5.78 [3] - The RSI for Nordic American Tankers is notably high at 93.8, indicating overbought conditions [3] - The stock closed at $5.73 after a 6.1% gain on the previous Friday, with a momentum score of 91.92 and a value score of 93.51 [3] Group 3: Additional Company - Tsakos Energy Navigation Ltd (NYSE:TEN) is also mentioned as part of the overbought players in the energy sector, although specific details on its performance are not provided in the text [3]

Top 2 Energy Stocks That May Plunge This Quarter - Reportify