Three financial stocks are catching the eye of momentum-driven investors as they navigate market waters in late February 2024.
The Relative Strength Index (RSI) acts as a barometer, gauging a stock’s power on positive versus negative trading days. By juxtaposing this with the underlying price movement, traders can glean insights into near-term stock performance. An RSI exceeding 70 often raises red flags, indicating potential overbuying, per Benzinga Pro.
Here’s a peek into the latest roster of soaring contenders in the financial sector:
Flightwire Financial Firm FLYW
- Embracing a robust upswing, Flightwire unveiled revelatory fourth-quarter financials on Feb. 27. CEO Mike Massaro lauded, “Our Q4 vigor, marked by an almost 43% annual revenue spike, culminated a stellar year for Flightwire, mirroring solid operational prowess throughout.” The stock ascended by 9% over the past week, with a noteworthy 52-week zenith at $35.80.
- RSI Value: 82.01
- Flightwire Price Movement: Flightwire shares climbed by 1.7% to secure a $24.52 closure on Tuesday.
Sezzle Finance Firm SEZL
- Sezzle showcased its financial mettle with a striking surge post its Q4 financial reveal and FY24 outlook on Feb. 26. Amassing a 44% monthly upswing, this stock boasts a notable 52-week peak at $81.08.
- RSI Value: 74.43
- Sezzle Price Movement: Sezzle shares leaped by 20% to clinch a $57.90 finale on Tuesday.
Lufax Holding Ltd LU
- On Jan. 2, Morgan Stanley’s Richard Xu retained Lufax with an Equal-Weight rating and escalated the price target from $3 to $4.8. Boasting a 13% uptick over the past week, this company flaunts an impressive 52-week crest at $9.80.
- RSI Value: 73.74
- Lufax Price Movement: Lufax Holding witnessed a 6.6% rise, culminating in a $3.05 Monday close.
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