Top 3 Tech Stocks That Are Ticking Portfolio Bombs

Avi Kapoor

September 26, 2024

As of Sept. 26, 2024, three stocks in the information technology sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.

The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70, according to Benzinga Pro.

Here's the latest list of major overbought players in this sector.

Micron Technology Inc (NASDAQ:MU)

After the closing bell on Wednesday, Micron reported better-than-expected fourth-quarter financial results. The company reported fourth-quarter revenue of $7.75 billion, beating the consensus estimate of $7.635 billion. The company reported fourth-quarter adjusted earnings of $1.18 per share, beating analyst estimates of $1.13 per share, according to Benzinga Pro. "Micron delivered 93% year-over-year revenue growth in fiscal Q4, as robust AI demand drove a strong ramp of our data center DRAM products and our industry-leading high bandwidth memory. Our NAND revenue record was led by data center SSD sales, which exceeded $1 billion in quarterly revenue for the first time," said Sanjay Mehrotra, president and CEO of Micron. The company's stock gained around 7% over the past five days and has a 52-week high of $157.54.
RSI Value: 70.11
MU Price Action: Shares of Micron gained 1.9% to close at $95.77 on Wednesday.

Progress Software Corp (NASDAQ:PRGS)

On Sept. 24, Progress Software reported better-than-expected financial results for the third quarter. "This is a very exciting time for Progress. Our Q3 results were ahead of our guidance, and I am extremely pleased with our execution during the quarter," said Yogesh Gupta, CEO of Progress. The company's stock gained around 10% over the past five days and has a 52-week high of $65.84.
RSI Value: 85.64
PRGS Price Action: Shares of Progress Software rose 11.9% to close at $63.92 on Wednesday.

Zeta Global Holdings Corp (NYSE:ZETA)

On Sept. 23, DA Davidson analyst Clark Wright maintained Zeta Global with a Buy and raised the price target from $30 to $35. The company's stock gained around 18% over the past month and has a 52-week high of $30.47.
RSI Value: 71.60
ZETA Price Action: Shares of Zeta Global fell 2% to close at $29.63 on Wednesday.

Read More:

Top 5 Industrials Stocks That May Collapse In Q3

Recommended

Tesla Execs Are Freaking Out - Ad

U.S. Loses to China in Shocking WAR GAMES - Ad

The 2024 Altcoin Eruption Is Almost Here (Get in by Nov. 4) - Ad

Leading cryptocurrencies slipped Sunday as worries over high inflation and the U.S. government's potential Bitcoin liquidation weighed on the market.

Arkansas Supreme Court rejects challenge to ballot measure that would revoke casino license

LITTLE ROCK, Ark. (AP) — The Arkansas Supreme Court on Monday rejected part of a lawsuit on the ballot that would revoke the license issued for a planned casino.

New "Living Missile" to Replace Nuclear Missiles

New "Living Missile" to Replace Nuclear Missiles - Ad

CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!

A Tesla car crashes and catches fire in France, killing 4

PARIS (AP) — Four people have died in a car crash in France after their Tesla vehicle reportedly hit a road sign and caught fire, police said Monday.

JP Morgan And Wells Fargo Report Better Than Expected Q3 Results That Reflect Resilient U.S. Consumers

JP Morgan Chase & Co.

All Hell Will Break Loose Oct. 30 at 9:30am

All Hell Will Break Loose Oct. 30 at 9:30am - Ad

$5 TRILLION -- that's how much wealth investors are expected to lose. The carnage is expected to begin October 30 at 9:30am. And one simple chart reveals why...

Poland tightens visa rules as probe confirms previous government's cash-for-visas scandal

WARSAW, Poland (AP) — Poland is tightening its visa regulations as probes into alleged have confirmed which cost the public purse millions of dollars, the foreign minister of this European Union country said Thursday.

Stock market today: Asian shares gain after China says more help is needed for its slowing economy

BANGKOK (AP) — Asian shares gained ground on Monday, with stocks in China rising more than 1% after the finance minister said over the weekend that more stimulus is needed for the slowing economy.

US Oil Set to Surge on Middle East Tension... Are You Ready?

US Oil Set to Surge on Middle East Tension... Are You Ready? - Ad

With the Middle East facing yet another conflict, now is the time to get in. That's why today I want to show you the best way to profit from oil in 2024. It's NOT a stock, future or bond... Rather, it's an unusual investment that could hand you huge monthly income from the oil and gas markets.

Major Banks Suffer Data Breaches: How Safe Is Your Information?

Three of the leading U.S. banks have reported significant data breaches, compromising the personal and account information of hundreds of their customers.

Russia's Latest 'Time Bomb' Sparks Fear, But It's Not What You Think

Economist Konstantin Sonin says that the ongoing conflict in Ukraine is setting the stage for a major economic crisis in Russia.

Man Who Called Nvidia at $1.10 Says Buy This Now...

Man Who Called Nvidia at $1.10 Says Buy This Now... - Ad

In 2004, a man predicted Nvidia's rise. Now, he says a new company, which IPO'd in 2023, could soar like Nvidia. It signed a major deal with Apple for its AI tech in iPhones and iMacs. Could it be the next trillion-dollar company? See why he believes it's among "The Next Magnificent Seven."

China's finance minister says there is room for more economic stimulus but offers no plan

BEIJING (AP) — The Chinese government is looking at additional ways , Finance Minister Lan Fo'an said Saturday, but he stopped short of unveiling a major new stimulus plan that analysts and stock investors were hoping for.

Georgia election workers settle defamation lawsuit against conservative website

ATLANTA (AP) — Two Georgia election workers have reached a settlement in their against a Missouri-based conservative website that of fraud in the 2020 presidential election, according to a court filing earlier this week.

The Election Shock Nobody Expected... (But You'll See It Coming)

The Election Shock Nobody Expected... (But You'll See It Coming) - Ad

It comes down to just 9 words...Nine simple words which when spoken, will determine the outcome of the 2024 election...These words have nothing to do with Trump, the economy, or what's happening in Ukraine, China or Israel. This is the scandal that isn't being reported (yet.) But my political operatives tracked down this story.

Court throws out manslaughter charge against clerk in Detroit gas station shooting

DETROIT (AP) — The Michigan Court of Appeals threw out a manslaughter charge against a Detroit gas station clerk who locked the door before an , killing one.

Tesla Analysts Rave Over Cybercab's Design, Cost Advantage, But Production Timeline Sparks Worry: 'Too Far Out For Skeptical Investors To Get On Board'

Tesla stock may be stuck in the recent depressed range, as investors may not see any near-term fundamental improvement from We, Robot event announcements.

The 20 Year Bull Market Is Here - And This Tiny Company Holds the Keys

The 20 Year Bull Market Is Here - And This Tiny Company Holds the Keys - Ad

Without vast amounts of energy, AI will NEVER scale. Microsoft, Tesla and Google are all begging for more. Even signing multi-decade deals to secure private sources of this powerful energy to fuel their data centers.. Best of all, a company with quite possibly the most potential in this sector trades for less than $1...

China seeks deeper economic ties with ASEAN at summit talks as South China Sea disputes lurk

VIENTIANE, Laos (AP) — Chinese Premier Li Qiang called for deeper market integration with Southeast Asia on Thursday during annual summit talks where territorial disputes in the South China Sea are likely to be high on the agenda.

Former Scottish First Minister Alex Salmond, who sought Scotland's independence from UK, dies at 69

LONDON (AP) — Alex Salmond, the former first minister of Scotland who for decades championed Scotland’s independence from the U.K. and nearly accomplished it, has died. He was 69.

Don't Miss the Next AI Payout Opportunity (It's Coming Soon)

Don't Miss the Next AI Payout Opportunity (It's Coming Soon) - Ad

Louis Navellier recently revealed a unique way to tap into the AI craze without buying any of the big names like Amazon, Google, or Facebook. It involves a series of consistent, retirement-boosting payouts, and the next one is coming soon.

Palantir, Amazon, Meta, Spirit Airlines, Tesla: Why These 5 Stocks Are On Investors' Radars Today

PLTR, AMZN, META, SAVE, TSLA were among the top trending stocks on Thursday Oct. 3, 2024.

Legendary Apple Co-Founder Steve Jobs Once Said, 'Being The Richest Man In The Cemetery Doesn't Matter To Me:' Maybe That's Why His Impact Transcends Financial Success For iPhone-Maker And Beyond

Steve Jobs' legacy transcends financial success, as his vision and principles transformed multiple industries, including computing, music, and telecommunications, while shaping Apple's philosophy and the broader tech world.

Disturbing New AI Stock Chart [This Is Bad...]

Disturbing New AI Stock Chart [This Is Bad...] - Ad

The last time this pattern appeared was 1999, just before the entire stock market imploded. $5 TRILLION of investor wealth was wiped out. That's why Addison Wiggin has stepped forward to reveal what you can do to protect yourself before this catastrophic event hits again.

Tesla Robotaxi Buzz Soars Ahead Of Thursday Event, Rivian Seeks DOE Loan For Georgia Plant, Nikola Thumps Estimates And More: Biggest EV Stories Of The Week

While Tesla barely got past estimates, smaller peer Rivian's sales missed expectations, reflecting the ongoing struggles of the EV industry.

British PM Dines With Trump, Skips Meeting With Kamala Harris Due To 'Usual Diary Challenges'

Neither the U.K. government nor Trump have disclosed the topics discussed during the dinner.

Seven Unknown AI Stocks That Could Dominate the Next Six Years

Seven Unknown AI Stocks That Could Dominate the Next Six Years - Ad

The original "Magnificent Seven" stocks generated 16,800% over the last 20 years. But now a new set of AI stocks is set to take over. Alex Green dubs them "The Next Magnificent Seven." And he's arguing that just $1,000 in each could turn into more than $1 million in less than six years.

European Cannabis Giant Bedrocan To Re-Enter Canadian Market With Pharmaceutical-Grade Products, New Facility

Bedrocan returns to Canada with a new facility in Scarborough. Licensed by Health Canada, production begins in 2025.

Port Strike Enters Day 3: Economist Warns Of 'Meaningful' Impact If Standoff Prolongs, Food & Beverages Likely First To Feel The Pinch

The dockworkers' strike that is threaten the fragile economic momentum, if short-lived, may not cause havoc, economist says.

Most Hated Message on Wall Street

Most Hated Message on Wall Street - Ad

My new warning is causing a ruckus. Which is crazy considering I don't support EITHER candidate. Even though many assume this is a political story... the fact is, I work for a financial research firm. We don't view the world through a political lens. We view it economically. Which is why we have a long history of being called crazy.

Mark Cuban Drunkenly Bought A $125,000 Lifetime Flight Pass And Turned It Into A Profitable Investment

Business mogul Mark Cuban once made a spontaneous purchase of a lifetime flight pass from American Airlines during a celebratory spree, later upgrading it.Business mogul Mark Cuban once made a spontaneous purchase of a lifetime flight pass from American Airlines during a celebratory spree,

Embed-Chart-Consumer Prices, ADVISORY

CONSUMER PRICES — Chart. This AP digital embed chart shows the percentage change in consumer prices from the previous year, as measured by the Consumer Price Index, since 2010. In September, consumer prices rose 2.4%, down from August's 2.5% figure. Excluding food and energy, prices rose 3.3% from the previous year, up from August and still above the Federal Reserve's 2% inflation target. This chart is current as of Oct. 10, 2024, and will update monthly. Source: Bureau of Labor Statistics.

Elon Musk Wants Uranium... But This $3 Million Miner Could Beat Him to It!

Elon Musk Wants Uranium... But This $3 Million Miner Could Beat Him to It! - Ad

While tech giants like Elon Musk are pouring billions into nuclear energy, a tiny firm selling for less than $1 has quietly secured land in Canada holding some of the richest uranium deposits ever discovered. With energy demand skyrocketing, this tiny company could soon make big waves in the market.

Close call at Nashville airport came after planes were directed to same runway, probe shows

WASHINGTON (AP) — Investigators said Wednesday that air traffic controllers cleared an Alaska Airlines jet to take off from Nashville last month after telling pilots of a Southwest Airlines jet to cross the same runway.

Teva Launches Generic Version Of Sandostatin In The US

Shares of Teva Pharmaceutical Industries (NYSE: TEVA) are down Tuesday. Here's what you need to know.

Bitcoin's Final Bull Run: Three Altcoins to Get Into NOW!

Bitcoin's Final Bull Run: Three Altcoins to Get Into NOW! - Ad

"Crypto Whisperer" Ian King is calling it: due to a change in Bitcoin's "status," he believes Bitcoin is about to go on one FINAL bull run. But the best way to play it isn't by buying Bitcoin. Instead, Ian has identified 3 specific "alt" coins with the potential to blow past Bitcoin's spectacular gains. To get in before November 4th,

Bacon hogs the spotlight in election debates, but reasons for its sizzling inflation are complex

She blames greedy companies for price-gouging. He blames the Biden administration’s economic policies.

PepsiCo lowers revenue forecast as sales growth weakens

PepsiCo lowered its organic revenue forecast for the year after U.S. consumers continued to on buying its snacks and drinks.

Early Nvidia, AMD, and Tesla Investor Shares New AI Picks

Early Nvidia, AMD, and Tesla Investor Shares New AI Picks - Ad

Jeff Brown, the tech expert who recommended Nvidia, AMD, and Tesla, is now releasing new AI stock picks. He believes they could deliver even bigger gains than before.

Tips for shopping for Medicare Advantage plans

Shopping season for Medicare coverage is about to begin. With it comes the annual onslaught of TV ads and choices to consider.

Trending Now

Stellantis CEO says company is on pace to fix sales problems after poor performance this year

SEC Showdown: Gary Gensler Defends Crypto Policy While Commissioner Mark Uyeda Calls It 'Disaster' For Assets Like Bitcoin, Ethereum, Dogecoin

US Listed Chinese Stocks Give Up Gains - Li Auto, Tesla And Nio Are Among Top 11 Large Cap Losers Last Week (Oct 7-Oct 11): Are The Others In Your Portfolio?