3 Near-Overbought Stocks to Buy for Fast Gains

When it comes to understanding the potential movement of stocks, the relative strength index (RSI) is a valuable tool. It is a momentum indicator measuring price changes, giving valuable insights as it oscillates from 0 to 100. Readings over 70 indicate an asset is overbought and below 30 oversold. Typically, these points mark high and low points for a given asset.However, an interesting opportunity lies in the mid-point of the RSI. A reading of 50 represents where an asset may transition towards overbought ...