Shares of Novavax (NVAX) have more than doubled in the past few trading sessions. The move comes as the company’s Covid-19 vaccine has finally been approved for use. That huge move in a short amount of time has created overbought conditions for shares. The stock’s relative...
Insurance company Everest Re Group (RE) gapped higher in November on news of a Covid-19 vaccine. However, shares have declined in recent sessions, and have now closed the gap. The speed and severity of the decline are pointing to an oversold opportunity for shares to...
Shares of plant-based protein alternative company Beyond Meat (BYND) saw shares nearly double since the start of the year, jumping from under $120 to $220. While the stock has now pulled back from that extreme high, a key chart formation indicates that a long-term uptrend...
Following some market volatility last week, few companies are looking as overbought right now. One exception bucking the trend? Diebold Nixdorf (DBD). The financial software firm has performed about in line with the stock market over the past year, but it took shares doubling since...
Specialty machinery company Ingersoll Rand (IR) has dropped heavily in recent sessions, including a gap lower on Wednesday. With earnings over a month off, the move simply reflects the high valuation of the market. The drop has been enough to signal an oversold buying opportunity Since...