Results for: TCOM

As of November 5, 2024, three stocks in the consumer discretionary sector are exhibiting overbought signals, potentially indicating a short-term price correction. Yum China Holdings (YUMC), Trip.com Group (TCOM), and Everi Holdings (EVRI) have all recently experienced price surges, pushing their Relative Strength Index (RSI) above the commonly accepted overbought threshold of 70. While strong performance is positive, these elevated RSI values suggest caution for investors focusing on momentum strategies.

Trip.com Group Ltd’s shares soared over 5% on Tuesday after the People’s Bank of China (PBoC) announced a new stimulus package, injecting much-needed liquidity into the country’s economy and boosting confidence in the travel industry. The move is expected to stimulate domestic and international travel, benefiting Trip.com’s diverse offerings.