Top 3 Materials Stocks That Are Ticking Portfolio Bombs
Benzinga·04/17 12:40
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As of April 17, 2025, three stocks in the materials 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.
On April 11, United States Antimony secured a $5 million line of credit. “We’re pleased to establish this new credit facility with Truist Bank, which not only augments our working capital capabilities, but also demonstrates growing confidence in our business and long-term potential,” said Richard (Rick) Isaak, Senior Vice President and CFO of U.S. Antimony. The company's stock jumped around 103% over the past month and has a 52-week high of $3.60.
RSI Value: 83.3
UAMY Price Action: Shares of United States Antimony gained 7.1% to close at $3.49 on Wednesday.
Edge Stock Ratings: 99.82 Momentum score with Value at 10.46.
On April 16, Newmont finalized the previously disclosed sales of its Akyem operation in Ghana and its Porcupine operation in Canada. “Today, I am pleased to announce the successful completion of our non-core asset divestiture program with the sale of Akyem and Porcupine, generating total after-tax cash proceeds of approximately $850 million before closing adjustments,” said Tom Palmer, Newmont’s President and Chief Executive Officer. The company's stock gained around 18% over the past month and has a 52-week high of $58.72.
RSI Value: 75.8
NEM Price Action: Shares of Newmont gained 2.5% to close at $55.95 on Wednesday.
On April 14, Scotiabank analyst Tanya Jakusconek upgraded Royal Gold from Sector Perform to Sector Outperform and raised the price target from $166 to $189. The company's stock gained around 20% over the past month and has a 52-week high of $191.22.
RSI Value: 77.9
RGLD Price Action: Shares of Royal Gold gained 0.8% to close at $186.45 on Wednesday.
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