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Top 5 Tech Stocks You May Want To Dump In December
As of Dec. 7, 2023, five 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.
Porch Group, Inc. (NASDAQ:PRCH)
On Nov. 7, Porch reported better-than-expected third-quarter sales results. "We are pleased to share our financial results with positive Adjusted EBITDA of $8.8 million," said Matt Ehrlichman, Chief Executive Officer, Chairman and Founder. The company’s stock jumped around 31% over the past month and has a 52-week high of $3.99 .
RSI Value: 85.36
PRCH Price Action: Shares of Porch Group gained 24.7% to close at $2.07 on Wednesday.
Neonode Inc. (NASDAQ:NEON)
On Nov. 9, Neonode posted a wider quarterly loss. "Our licensing revenues in Q3 were slightly lower than in Q2 and the same period last year, but our licensing business shows good long-term stability and licensing revenues year-to-date are on a similar level as last year," said Dr. Urban Forssell, Neonode's CEO. The company’s stock gained around 49% over the past five days and has a 52-week high of $14.75.
RSI Value: 85.75
NEON Price Action: Shares of Neonode gained 22.8% to close at $1.83 on Wednesday.
Verint Systems Inc. (NASDAQ:VRNT)
On Dec. 6, Verint Systems reported better-than-expected financial results for its third quarter and issued guidance. "We are pleased to have overachieved our revenue and non-GAAP diluted EPS expectations in Q3 and believe we are on track to complete the year with strong 11% revenue growth in Q4," said Dan Bodner, Verint CEO. The company’s stock jumped around 14% over the past month and has a 52-week high of $40.71.
RSI Value: 72.19
VRNT Price Action: Shares of Verint fell 1% to close at $24.03 on Wednesday.
Zoom Video Communications, Inc. (NASDAQ:ZM)
On Nov. 20, Zoom Video Communications reported stronger-than-expected earnings and sales results for its third quarter. “In Q3, revenue came in ahead of guidance as we bolstered Zoom’s all-in-one intelligent collaboration platform with advanced new capabilities like Zoom AI Companion and continued to evolve our customer and employee engagement solutions,” said Eric S. Yuan, Zoom founder, and CEO. The company’s stock gained around 13% over the past month and has a 52-week high is $85.13.
RSI Value: 71.45
ZM Price Action: Shares of Zoom Video gained 3.2% to close at $70.94 on Wednesday.
Wipro Limited (NYSE:WIT)
On Oct. 18, Wipro reported second-quarter gross revenue of $2.71 billion, flattish Y/Y, missing the consensus of $2.77 billion. Thierry Delaporte, CEO and Managing Director, said, "We ended the second quarter with 22 accounts above the $100M range, which is double the number we had in FY'21. Our large deal total contract value reached $1.3 billion—highest in the last nine quarters." The company’s stock jumped around 9% over the past month and has a 52-week high of $5.31.
RSI Value: 74.46
WIT Price Action: Shares of Wipro gained 3.5% to close at $4.97 on Wednesday.
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JKBOSE Class 10, 11 exam 2024 registration last date extended, details here
JKBOSE Class 10, 11 exam 2024 registration date: The Jammu and Kashmir Board of School Education (JKBOSE) has extended the last date for application submission for class 10, 11 and 12 exam forms for the annual exams 2023-24. All those who are eligible to appear for the union territory of Jammu and Kashmir/UT of Ladakh and are going to participate in the JKBOSE Board exam 2024 can check the exam schedule on the official website, jkbose.nic.in.
As per the latest update shared by the board, the registration date for submission of online forms for class 10th annual (regular) exam 2024 is extended to December 20, while the application forms for classes 11th and 12th can be submitted online by December 27. The detailed registration schedule can be checked in the provided table.
JKBOSE Exam Form 2024 (without late fee)
Class
Subject
Fee
Last date
Class 10
Candidates with five compulsory subjects
Rs 1,120
December 20
Candidates with additional or optional subject(s) 5+
Rs 1,320
December 20
Class 11th and 12th
Candidates with five compulsory subjects
Rs 1,300
Link shall remain open till December 16 and again open from December 23 to 27
Candidates with additional or optional subject(s) 5+
Rs 1,530
JKBOSE Exam Form 2024 (with late fee)
Class
Subject
Fee
Total Fee
Last Date
Class 10
1st count of 5 days for five subjects
Rs 1,120 + Rs 735
Rs 1,855
December 25
For more than 5 subjects
Rs 1,320 + Rs 735
Rs 2,055
December 25
Class 10
2nd count of 5 days for five subjects
Rs 1,120 + Rs 1,890
Rs 3,010
December 30
For more than 5 subjects
Rs 1,320 + Rs 1,890
Rs 3,210
December 30
Class 11, 12
1st count of 5 days for five subjects
Rs 1,300 + Rs 735
Rs 2,035
January 1
For more than 5 subjects
Rs 1,530 + Rs 735
Rs 2,265
January 1
Class 11, 12
2nd count of 5 days for five subjects
Rs 1,300 + Rs 1,890
Rs 3,190
January 6
For more than 5 subjects
Rs 1,530 + Rs 1,890
Rs 3,420
January 6
Josh Allen dumps Geno Smith with ease for 11-yard sack
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