Bubble‑watch intensifies as Alphabet ranks among top overbought stocks

Alphabet is now sitting in overbought territory, and the sign is coming from both GOOG and GOOGL’s 14‑day RSI reading of 72.2, a level that tells short‑term traders the stock may be due for weakness. This happened during a week when the major U.S. stock averages still managed to finish higher, even as November as a whole dragged. The Nasdaq Composite fell 1.5% for the month, snapping a seven‑month winning streak, while the S&P 500 and the 30‑stock Dow barely held onto small gains as pressure built across big technology names over high valuations and real questions around when massive AI spending will finally turn into steady profits. Using the CNBC Pro stock screener, analysts filtered for companies inside the S&P 500 that rallied this week while also posting an RSI above 70, and that screen pulled up only a handful of names. Alphabet and Ralph Lauren landed near the...

https://www.cryptopolitan.com/alphabet-ranks-among-top-overbought-stocks/