As of November 13, 2024, four information technology stocks are showing strong upward momentum, indicated by their high Relative Strength Index (RSI) values. This suggests potential overbought conditions, which might signal a short-term correction for these stocks. Investors focused on momentum strategies should be cautious about these stocks: Olo Inc (OLO), Couchbase Inc (BASE), BILL Holdings Inc (BILL), and Zscaler Inc (ZS).
The administration of Prime Minister Shehbaz Sharif has appointed former Google executive Tania Aidrus as the convener of the Digital Pakistan committee. Aidrus previously headed the same project during ousted premier Imran Khan’s rule. The committee will compile recommendations for Pakistan’s ambitious digitization project, which aims to implement modern technologies and innovations across various sectors. Aidrus brings a wealth of experience to the role, having worked at the forefront of the global tech industry and co-founded a mobile health diagnosis company. Despite being inducted into the federal cabinet by former PM Khan in 2019, Aidrus resigned in July 2022 due to her Canadian nationality and the establishment of a non-governmental organization.
