One of investors' most challenging questions is when to sell a winning stock. No one ever went broke taking profits, but exiting a high-flying stock too early can cause FOMO and create the temptation to chase. On the other hand, high-flying stocks eventually get too close to the sun, and it’s preferable to take profits before this Icarus moment. Traders often use technical indicators to spot changes in momentum before prices can react, and today, we’ll examine three stocks sending signals that it might be t ...

The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive. International Business Machines (NYSE:IBM) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors.10 Oversold ...

Aerospace and defense stock Rocket Lab Corp (RKLB) has been chopping lower since its July 17 record high of $53.44. The stock could be ready for a short-term pop, however, as the recent pullback has it flashing a historically bullish signal.Per Schaeffer's Senior Quantitative Analyst Rocky White, RKLB is within 0.75 of the 50-day trendline's 20-day average true range (ATR), after spending at least 80% of the last 10 days and 80% of the last two months above it. Over the past three years, six similar signals ...

A downtrend has been apparent in Enovix Corporation (ENVX) lately with too much selling pressure. The stock has declined 31.9% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround.We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is ove ...

Group 1 - Sagimet Biosciences Inc. (SGMT) has experienced a significant decline of 28% over the past four weeks, but it is now in oversold territory, indicating a potential trend reversal [1] - The Relative Strength Index (RSI) for SGMT is currently at 29.42, suggesting that the heavy selling pressure may be exhausting itself [5] - There is a strong consensus among Wall Street analysts that SGMT will report better earnings than previously predicted, with a 13.2% increase in the consensus EPS estimate over the last 30 days [7] Group 2 - SGMT holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, indicating a potential turnaround [8]

Core Viewpoint - Freightcar America (RAIL) has experienced a significant downtrend, with a 23.3% decline in stock price over the past four weeks, but it is now in oversold territory, suggesting a potential turnaround due to improved earnings expectations from analysts [1]. Group 1: Technical Indicators - The Relative Strength Index (RSI) is a key technical indicator used to determine if a stock is oversold, with a reading below 30 indicating oversold conditions [2]. - RAIL's current RSI reading is 27.16, indicating that the heavy selling pressure may be exhausting, and a price reversal could be imminent [5]. - RSI helps investors identify potential entry points for stocks that have fallen below their fair value due to excessive selling [3]. Group 2: Fundamental Indicators - Analysts covering RAIL have raised their earnings estimates for the current year, resulting in a 26.6% increase in the consensus EPS estimate over the last 30 days, which typically correlates with price appreciation [7]. - RAIL holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, indicating strong potential for a near-term turnaround [8].

A downtrend has been apparent in Spero Therapeutics, Inc. (SPRO) lately with too much selling pressure. The stock has declined 17.7% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround.We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock ...

Core Viewpoint - PSQ Holdings, Inc. (PSQH) has experienced significant selling pressure, resulting in a 35.3% decline in stock price over the past four weeks, but analysts anticipate better earnings than previously predicted, indicating potential for recovery [1]. Group 1: Technical Indicators - The Relative Strength Index (RSI) is utilized to determine if a stock is oversold, with a reading below 30 typically indicating this condition [2]. - PSQH's current RSI reading is 24.43, suggesting that the heavy selling may be exhausting itself and a price reversal could be imminent [5]. - RSI serves as a momentum oscillator that helps identify potential points of price reversal, allowing investors to seek entry opportunities when a stock is undervalued due to excessive selling [3]. Group 2: Fundamental Indicators - There has been a strong consensus among sell-side analysts to raise earnings estimates for PSQH, leading to a 26% increase in the consensus EPS estimate over the last 30 days [7]. - An upward trend in earnings estimate revisions is generally associated with price appreciation in the near term, supporting the case for a potential rebound in PSQH's stock price [7]. - PSQH holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate trends and EPS surprises, indicating a favorable outlook for the stock [8].

Group 1 - Xperi (XPER) has experienced a significant decline of 22.9% over the past four weeks, but it is now in oversold territory, indicating a potential for a trend reversal [1] - The Relative Strength Index (RSI) for XPER is currently at 29.82, suggesting that the heavy selling pressure may be exhausting, which could lead to a rebound [5] - There is a strong consensus among sell-side analysts that XPER will report better earnings than previously predicted, with a 119% increase in the consensus EPS estimate over the last 30 days [7] Group 2 - XPER holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, indicating a strong potential for a turnaround [8]

Core Viewpoint - Reddit Inc. has experienced a significant stock price recovery, climbing over 50% in just over two weeks after a strong Q2 earnings report, which exceeded expectations and led to a bullish sentiment among analysts [2][10]. Stock Performance - Reddit's stock price is currently at $246.40, with a 52-week range of $52.39 to $248.02 and a P/E ratio of 224.00 [1]. - The stock has shown a remarkable reversal after a 65% decline from February to April, which led to skepticism about its IPO valuation [2]. Earnings Report - The Q2 earnings report revealed a 77% year-over-year revenue increase and an EPS that was 136% higher than analysts' forecasts [7]. - Gross margin expanded to nearly 91%, and free cash flow increased to $111 million from $28 million in the same quarter last year, indicating strong growth and profitability potential [8]. Analyst Sentiment - Following the earnings beat, several analysts, including those from Wolfe Research, Raymond James, and Guggenheim, have issued Buy ratings, citing accelerating revenue growth and user engagement [10]. - Conversely, Goldman Sachs and JPMorgan Chase maintained Neutral ratings, suggesting caution as the stock has surpassed even the most optimistic price targets [11]. Technical Indicators - The Relative Strength Index (RSI) for Reddit is currently at 87, indicating overbought conditions and raising the likelihood of a potential pullback or profit-taking [5][6]. - The stock's recent performance has led to a setup for profit-taking, especially for momentum traders who have seen substantial gains since the July breakout [12]. Long-term Outlook - Despite potential short-term pullbacks, long-term investors are encouraged to view any dips as opportunities, supported by a strong balance sheet and robust free cash flow [13]. - Historical performance suggests that after significant earnings-related gains, the stock may continue to rise, as seen in previous instances [14].