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Top 2 Tech Stocks You May Want To Dump In March
Benzinga·03/27/2025 12:21:08
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As of March 27, 2025, two 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.
Diginex Ltd (NASDAQ:DGNX)
- On Jan. 27, Diginex announced underwriters’ full exercise of over-allotment option. The company's stock gained around 58% over the past month and has a 52-week high of $141.86.
- RSI Value: 72
- DGNX Price Action: Shares of Diginex gained 10.6% to close at $107.29 on Wednesday.
Aeva Technologies Inc (NASDAQ:AEVA)
- On March 19, Aeva Technologies reported better-than-expected fourth-quarter financial results. “Aeva in 2024 accelerated the growing adoption of FMCW technology, with expanded partnerships in automotive and our growing pace of new production wins in industrial robotics, security and infrastructure,” said Soroush Salehian, Co-founder and CEO at Aeva. The company's stock gained around 82% over the past five days and has a 52-week high of $5.81.
- RSI Value: 80.6
- AEVA Price Action: Shares of Aeva Technologies gained 11.8% to close at $5.80 on Wednesday.
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① During the campaign period, US stocks, US stocks short selling, US stock options, Hong Kong stocks, and A-shares trading will maintain at $0 commission, and no subscription/redemption fees for mutual fund transactions. $0 fee offer has a time limit, until further notice. For more information, please visit: https://www.webull.hk/pricing
② More than 40M Downloads Globally : data based on Webull Technologies Limited's internal statistics as of July 14, 2023.
Webull Securities Limited is licensed with the Securities and Futures Commission of Hong Kong (CE No. BNG700) for carrying out Type 1 License for Dealing in Securities, Type 2 License for Dealing in Futures Contracts and Type 4 License for Advising on Securities.
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