Microsoft is flagged as overbought with an RSI of 78.4 after a 2% gain this week
Description
Microsoft may have delivered blowout earnings, but Wall Street just threw a warning flag. The company’s stock is now among the most overbought names on the market, with an RSI score of 78.4, a level that typically screams, “TROUBLE AHEAD!” That data came from CNBC Pro’s Stock Screener, released after the markets closed Friday. The platform tracks the 14-day relative strength index to determine whether stocks are trading too high or too low. Anything above 70 is considered overbought. Microsoft i...
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