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

5 Military Stocks to Invest In - Ad

Do NOT Buy Nvidia, Apple, Microsoft, Meta, Tesla, or ANY Major Tech Stock... - Ad

A Strange Twist Is About to Hit the AI Market That Almost Nobody Sees Coming... - Ad

The House of Representatives passed a stopgap funding bill, excluding Trump's debt limit suspension demand, to avert a government shutdown, with Senate approval expected soon.

Penny Stock Applied Therapeutics' FDA Troubles Trigger Investor Lawsuit, Shareholders Claim Deception Over Govorestat Clinical Data

Adrian Alexandru files a securities lawsuit against Applied Therapeutics, alleging the company misled investors about clinical trials for govorestat.

This Is CRAP (Beat the Banks)

This Is CRAP (Beat the Banks) - Ad

Can you believe this crap? 0.06% APY. THAT'S IT That's all you earn on average right now in 2022 according to the FDIC, in most USA savings accounts. In this video, you will see EXACTLY how you can participate in one of the biggest financial opportunities of our lifetime.

Tesla Cybertruck Units Reportedly Found With Cell Dent Issues: EV Giant Starts Replacing Battery Packs

Tesla has reportedly found some units of Cybertruck with "cell dent" issues and the company has started replacing battery packs of those cars.

Senate begins final push to expand Social Security benefits for millions of people

WASHINGTON (AP) — The Senate is pushing toward a vote on to millions of people, setting up potential passage in the final days of the lame-duck Congress.

My TOP Altcoin for Right Now Is...

My TOP Altcoin for Right Now Is... - Ad

Searching for the top investment opportunity in crypto? Look no further. Our $3 report gives you the full scoop. You'll get this exciting token's name, our recommended investment strategy, and growth projections. Time is of the essence with this one...

Bipartisan Lawmakers Aim To Break Up Health Care Giants With New Legislation

Pharmacy-benefit managers (PBMs) have been scrutinized for their role in drug distribution for years. Now a bipartisan group of lawmakers is threatening to break up the companies behind these so-called drug middlemen.

Edmunds: The best midsize SUVs for families in 2025

Along with smartphones and streaming subscriptions, the three-row SUV is now a staple of American family life. And since nearly every automaker sells one, choosing the right one can feel overwhelming.

Is This Defi Coin Your Next "10-Bagger" Investment?

Is This Defi Coin Your Next "10-Bagger" Investment? - Ad

Our #1 pick in decentralized finance is largely overlooked by mainstream investors (for now). This governance token could skyrocket as DeFi adoption surges with the smart money and institutions.

Youngkin proposes tax relief on tips and cars in his adjusted Virginia budget plan

RICHMOND (AP) — Virginia Gov. Glenn Youngkin proposed a state budget plan on Wednesday to provide tax relief on tips and cars, measures his Republican administration touted as giving money back to middle- and lower-income workers.

Bitcoin Miner MARA Holdings Raises $850M In 0% Convertible Notes, Offering A 40% Premium Over Current Share Price

Bitcoin miner MARA Holdings Inc (NASDAQ:MARA) recently completed its $850 million offering of 0% convertible senior notes due 2031.

Buffett, Bloomberg, & 48 Congress Members Are Buying 1 Sector

Buffett, Bloomberg, & 48 Congress Members Are Buying 1 Sector - Ad

Why are Warren Buffett, Jeff Bezos, Michael Bloomberg, "The Walmart Family", Bill Gates, and 48 members of Congress shifting their stocks in a frenzy? And why are they all piling into ONE unique corner of the market... The last time we saw the world's wealthiest investors move their cash into this corner of the market, Stocks exploded 2,020%, 5,609% Even as high as 8,437% in just ONE year. Now, it's all happening again.

What do we know about the mysterious drones reported flying over New Jersey?

A large number of have been reported flying over parts of New Jersey in recent weeks, sparking speculation and concern over who sent them and why.

Drone sightings lead to airspace shutdown at Ohio military base, arrests near Boston airport

BOSTON (AP) — More suspected in the eastern U.S. led to a temporary airspace shutdown at an Air Force base in Ohio and arrests near Boston's Logan International Airport, as elected officials to identify and stop the mysterious unmanned flights.

Time Magazine's "Armageddon Man" Goes Rogue

Time Magazine's "Armageddon Man" Goes Rogue - Ad

He's worked side-by-side with Warren Buffett, Alan Greenspan, Ron Paul and Jim Rickards... and he's written several #1 best-selling investment books. Now he's sharing the most exciting opportunity of his three-decade-career. Early investors can target up to 10X returns in 2 years from a play NOBODY else is talking about.

Snowflake AI Revolution Gains Traction, Stock Forms Golden Cross

Snowflake is gaining attention in the market due to its Golden Cross pattern, and analysts predicting long-term growth due to its emphasis on AI product development.

Japanese space startup aborts 2nd satellite launch attempt minutes after liftoff

TOKYO (AP) — A Japanese space startup said its second attempt to launch a rocket carrying satellites into orbit had been aborted minutes after liftoff Wednesday and destroyed itself again, nine months after the company's first launch attempt .

Sell Nothing. Retire Early. Mission Complete.

Sell Nothing. Retire Early. Mission Complete. - Ad

What if you could retire in 3 years instead of 10-15? While everyone is trying to trade the market and gamble on poop coins and meme coins, some people are using a little known method to actually earn passive returns. We probably have 3 years to exploit this before the party is over. That's plenty of time to retire early in crypto.

Dogecoin Poised For 85% Surge As Whales Accumulate 130 Billion DOGE

Dogecoin (CRYPTO: DOGE) is hinting at a possible price surge in the wake of its remarkable rally.

US senator says mysterious drones spotted in New Jersey region should be 'shot down, if necessary'

A U.S. senator has called for spotted flying over sensitive areas in New Jersey and other parts of the Mid-Atlantic region to be “shot down, if necessary,” as it remains unclear who owns them.

Did You See Trump's Bombshell Exec. Order 001?

Did You See Trump's Bombshell Exec. Order 001? - Ad

Biden broke it... Now Trump is going to fix it. Starting with "Exec. Order 001." It's a bombshell law that Trump could sign within minutes of stepping into the Oval Office... And it will instantly set off the most sweeping government technology project in 80 years... The most lucrative, too...

Companies tighten security after a health care CEO's killing leads to a surge of threats

“Wanted” posters with the names and faces of health care executives have been popping up on the streets of New York. Hit lists with images of bullets are circulating online with warnings that industry leaders should be afraid.

Trump Taps Perdue for China, Signaling More Tension with Beijing

President-elect Trump will name ex-Sen. David Perdue (R-Ga.) as his choice for ambassador to China, a pivotal role in shaping the future of U.S.-China relations.

Set Your Alarm For 1:59 P.M. on January 31st Because THESE Stocks Set To Rocket Up

Set Your Alarm For 1:59 P.M. on January 31st Because THESE Stocks Set To Rocket Up - Ad

1:59 P.M. on January 31st. Set an alarm for that. Because you need to be prepared for an event that will send a certain group of stocks rocketing upward.

EPA awards $144 million to California to phase out big diesel trucks

SAN FRANCISCO (AP) — The Environmental Protection Agency is awarding $144 million in grants to fund 13 projects in California to help the state wean off fossil fuels and phase out big rigs that run on diesel.

SpaceX's Starlink Manufacturing Line Makes 4.7 Million Terminals Per Year, Says Investor

SpaceX investor Steve Jurvetson says Starlink makes 4.7 million terminals per year and will bring in profits.

There's Only ONE AI Company That Matters

There's Only ONE AI Company That Matters - Ad

It's not Nvidia, AMD, IBM, or any new startup. It's not even an artificial intelligence company... yet it holds the key to the entire AI market. Get all the details of the critical technology that the entire AI sector needs to survive.

How Fintech Software Is Integrating Blockchain for Secure Transactions

Blockchain technology is revolutionizing fintech by making transactions more secure, transparent, and reliable.

FDA says knockoff versions of Lilly obesity drug must come off the market

WASHINGTON (AP) — Specialty pharmacies and online companies that have been selling off-brand copies of two blockbuster drugs for obesity and diabetes will need to phase out their versions next year under a federal decision issued Thursday.

Elon's New Tech Could Be Bigger Than Tesla & SpaceX... Combined

Elon's New Tech Could Be Bigger Than Tesla & SpaceX... Combined - Ad

Forget rockets or brain implants... Elon's new AI product could be his biggest invention yet. Jeff Brown tried it himself recently and caught his experience on camera. See this footage because according to Tesla Magazine, this new product "could well shape the technological and economic future of our society."

Why Joby Aviation Stock Is Falling After Hours

Joby Aviation shares are falling in extended trading Tuesday after the company announced it entered into an equity distribution agreement.

Trump Meets TikTok CEO Shou Zi Chew At Mar-A-Lago As Platform Urges Supreme Court To Block Looming Ban

President-elect Donald Trump met with TikTok CEO Shou Zi Chew as the ByteDance-owned platform urges the U.S. Supreme Court to block a looming ban that could take effect on Jan. 19, threatening billions in revenue and impacting small businesses.

Media Humiliated: Demo of Elon's Tech Proves They're Wrong

Media Humiliated: Demo of Elon's Tech Proves They're Wrong - Ad

It's smaller than a quarter, but it could power Elon Musk's next AI revolution... A revolution he believes will be worth more than $9 trillion. Believe it or not, this device could even help put an extra $30k in your pocket every year outside of the markets.

How to avoid financial stress during the holiday season

NEW YORK (AP) — The holidays are meant to be a time of celebration with family and friends. But they can also bring pressure to spend money on gifts, gatherings and plane tickets home, exacerbated by , social media influencers and family expectations.

What's Going On With Portage Biotech Shares Tuesday?

Portage Biotech stock is trading higher after the company announced it signed a letter of intent with Immunova for the potential sale of its subsidiary.

"This Will Be Worse Than the Great Depression, the Dot-Com Crash, and the 2008 Crisis Combined"

"This Will Be Worse Than the Great Depression, the Dot-Com Crash, and the 2008 Crisis Combined" - Ad

According to Dan Ferris, who has predicted nearly every major market crisis of the last 25 years, a new crisis in the US economy could soon cost you 50% of your portfolio or more if you don't prepare your wealth now. Especially if you're sitting on large gains.

As data centers proliferate, conflict with local communities follows

ALEXANDRIA, Va. (AP) — Richard Andre Newman thought he would live the rest of his life in his quiet, leafy neighborhood in suburban . He was born and raised in Bren Mar Park, where children ride their bikes and neighbors wave hello.

2024 was big for bitcoin. States could see a crypto policy blitz in 2025 in spite of the risks

HARRISBURG, Pa. (AP) — The new year will usher in the bitcoin-friendly administration of President-elect Donald Trump and an expanding lobbying effort in statehouses that, together, could push states to become more open to crypto and for public pension funds and treasuries to buy into it.

Is a Starlink IPO Coming in 2024?

Is a Starlink IPO Coming in 2024? - Ad

Could there be signs that a Starlink IPO is set for the second half of 2024? According to one top venture capitalist, the answer is YES! And for the first time ever, you have the rare chance to profit pre-IPO... BEFORE Starlink goes public.

Broadcom's AI Chip Leadership Puts Pressure on Nvidia and Marvell, Analysts Say

Broadcom Inc (AVGO) stock surged on better-than-expected earnings and dividend raise, but missed revenue expectations. Analysts remain bullish on its AI and custom chip growth prospects.

Trending Now

Warren Buffett Said An Unusual Amount Of People Look At Berkshire Stock As A Savings Account, Here Is What The Oracle Of Omaha Recommends Investing Novices Do