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Top 2 Financial Stocks That May Keep You Up At Night In Q1

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Top 2 Financial Stocks That May Keep You Up At Night In Q1

As of Feb. 4, 2025, two stocks in the financial 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.

JPMorgan Chase & Co (NYSE:JPM)

  • On Jan. 15, JPMorgan Chase reported fourth-quarter FY24 results. Reported revenue rose 11% year-on-year to $42.8 billion. Net revenue (managed) was $43.7 billion (+10% Y/Y), beating the consensus of $41.707 billion. Consumer & Community Banking (CCB) revenue rose 1% Y/Y to $18.362 billion, and Commercial & Investment Bank revenue was $17.598 billion (+18% Y/Y) in the quarter… The company's stock surged around 11% over the past month and has a 52-week high of $270.82.
  • RSI Value: 73.6                                
  • JPM Price Action: Shares of JPMorgan fell 0.2% to close at $266.81 on Monday.

Interactive Brokers Group, Inc. (NASDAQ:IBKR)

  • On Feb. 3, Interactive Brokers reported a year-over-year increase in daily average revenue trades for January. The company's stock gained around 18% over the past month and has a 52-week high of $224.96.
  • RSI Value: 73.9
  • IBKR Price Action: Shares of Interactive Brokers gained 2.8% to close at $223.48 on Monday.

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Posted-In: Expert Ideas financial Overbought stocksNews Short Ideas Pre-Market Outlook Markets Trading Ideas

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