ChatGPT4o/DALL-E still misspells words in images. We’ll have to wait a little longer for the singularity.
An Overbought Stock
Using Chartmill, I screened for names that met these criteria:
Has options
Valuation rating <=2 (on a scale of 0-to-10)
Piotroski F-Score <=2 (on a scale of 0-to-9)
Relative Strength Index >80 (on a scale of 0-to-100; figures over 70 are generally considered overbought).
That screen yielded exactly one stock, with these metrics:
Valuation rating: 1
Piotroski F-Score: 1
Relative Strength Index: 84 (as of Friday’s close).
I am agnostic on the longer term prospects of this company, but I am betting that after spiking more than 37% in the last 30 days, this stock will drop by about 17% within the next few weeks. If I’m right, we’ll make about 400%, and if I’m wrong, we could lose as much as 100%.
Details below.
Today’s Bearish Trade
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