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    Lyons Magnus Expands Product Recall by Nearly 400 Products

    Lyons Magnus Expands Product Recall by Nearly 400 Products

    Brandstorm recalls Natierra Organic Freeze-Dried Blueberries

    Brandstorm recalls Natierra Organic Freeze-Dried Blueberries

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    Canadian Tire 2Q Profit Falls as Russia Exit Costs Weigh

    Avaya stock plunges toward record low after WSJ report that $600 million debt deal soured

    Avaya stock plunges toward record low after WSJ report that $600 million debt deal soured

  • NYSE
    We Think Alcoa (NYSE:AA) Can Stay On Top Of Its Debt

    We Think Alcoa (NYSE:AA) Can Stay On Top Of Its Debt

    Philip Morris International Inc. stock falls Friday, underperforms market

    Philip Morris International Inc. stock falls Friday, underperforms market

    CS Disco (NYSE:LAW) Reaches New 52-Week Low on Analyst Downgrade

    CS Disco (NYSE:LAW) Reaches New 52-Week Low on Analyst Downgrade

    Hanesbrands Foresees Declining Sales on FX Impact

    Hanesbrands Foresees Declining Sales on FX Impact

  • NASDAQ
    BeiGene (NASDAQ:BGNE) Has Debt But No Earnings; Should You Worry?

    BeiGene (NASDAQ:BGNE) Has Debt But No Earnings; Should You Worry?

    Moderna Inc. stock falls Friday, underperforms market

    Moderna Inc. stock falls Friday, underperforms market

    Booking Holdings Inc. (NASDAQ:BKNG) Sees Large Drop in Short Interest

    Booking Holdings Inc. (NASDAQ:BKNG) Sees Large Drop in Short Interest

    Poshmark’s stock drops 8% on Q3 revenue guidance

    Poshmark’s stock drops 8% on Q3 revenue guidance

  • OTC
    China Eastern Airlines 3Q Loss Widens on Low Travel Demand

    China Eastern Airlines 3Q Loss Widens on Low Travel Demand

    Corus Entertainment 4Q Profit Falls

    Corus Entertainment 4Q Profit Falls

    Nintendo Co. Ltd. ADR falls Monday, still outperforms market

    Nintendo Co. Ltd. ADR falls Monday, still outperforms market

    Ocado Group PLC Revenue of Ocado Retail in Q3 Fell 10.6%

    Ocado Group PLC Revenue of Ocado Retail in Q3 Fell 10.6%

  • TSX
    US Seeks to Fine Air Canada $25.5 Million Over Slow Refunds

    US Seeks to Fine Air Canada $25.5 Million Over Slow Refunds

    S&P/TSX composite falls on drop in materials sector, loonie tops 81 cents US

    S&P/TSX composite falls on drop in materials sector, loonie tops 81 cents US

    Bitcoin Is Falling: Should You Buy the Dip?

    Bitcoin Is Falling: Should You Buy the Dip?

    CN Rail Stock Is So Undervalued That it’s Absurd

    CN Rail Stock Is So Undervalued That it’s Absurd

  • News
    Lyons Magnus Expands Product Recall by Nearly 400 Products

    Lyons Magnus Expands Product Recall by Nearly 400 Products

    Brandstorm recalls Natierra Organic Freeze-Dried Blueberries

    Brandstorm recalls Natierra Organic Freeze-Dried Blueberries

    Canadian Tire 2Q Profit Falls as Russia Exit Costs Weigh

    Canadian Tire 2Q Profit Falls as Russia Exit Costs Weigh

    Avaya stock plunges toward record low after WSJ report that $600 million debt deal soured

    Avaya stock plunges toward record low after WSJ report that $600 million debt deal soured

  • NYSE
    We Think Alcoa (NYSE:AA) Can Stay On Top Of Its Debt

    We Think Alcoa (NYSE:AA) Can Stay On Top Of Its Debt

    Philip Morris International Inc. stock falls Friday, underperforms market

    Philip Morris International Inc. stock falls Friday, underperforms market

    CS Disco (NYSE:LAW) Reaches New 52-Week Low on Analyst Downgrade

    CS Disco (NYSE:LAW) Reaches New 52-Week Low on Analyst Downgrade

    Hanesbrands Foresees Declining Sales on FX Impact

    Hanesbrands Foresees Declining Sales on FX Impact

  • NASDAQ
    BeiGene (NASDAQ:BGNE) Has Debt But No Earnings; Should You Worry?

    BeiGene (NASDAQ:BGNE) Has Debt But No Earnings; Should You Worry?

    Moderna Inc. stock falls Friday, underperforms market

    Moderna Inc. stock falls Friday, underperforms market

    Booking Holdings Inc. (NASDAQ:BKNG) Sees Large Drop in Short Interest

    Booking Holdings Inc. (NASDAQ:BKNG) Sees Large Drop in Short Interest

    Poshmark’s stock drops 8% on Q3 revenue guidance

    Poshmark’s stock drops 8% on Q3 revenue guidance

  • OTC
    China Eastern Airlines 3Q Loss Widens on Low Travel Demand

    China Eastern Airlines 3Q Loss Widens on Low Travel Demand

    Corus Entertainment 4Q Profit Falls

    Corus Entertainment 4Q Profit Falls

    Nintendo Co. Ltd. ADR falls Monday, still outperforms market

    Nintendo Co. Ltd. ADR falls Monday, still outperforms market

    Ocado Group PLC Revenue of Ocado Retail in Q3 Fell 10.6%

    Ocado Group PLC Revenue of Ocado Retail in Q3 Fell 10.6%

  • TSX
    US Seeks to Fine Air Canada $25.5 Million Over Slow Refunds

    US Seeks to Fine Air Canada $25.5 Million Over Slow Refunds

    S&P/TSX composite falls on drop in materials sector, loonie tops 81 cents US

    S&P/TSX composite falls on drop in materials sector, loonie tops 81 cents US

    Bitcoin Is Falling: Should You Buy the Dip?

    Bitcoin Is Falling: Should You Buy the Dip?

    CN Rail Stock Is So Undervalued That it’s Absurd

    CN Rail Stock Is So Undervalued That it’s Absurd

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Party City Holdco Enters Overbought Territory: Is A Drop Coming?

avatar by Editor
January 20, 2020
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Party City Holdco Enters Overbought Territory: Is A Drop Coming?

Party City Holdco Inc. PRTY has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because PRTY is now in overbought territory with an RSI value of 85.68.

What is RSI?

RSI stands for ‘Relative Strength Index’ and it is a popular indicator used by technically focused investors. It compares the average of gains in days that closed up to the average of losses in days that closed down; readings above 70 suggest an asset is overbought, while an RSI below 30 suggests undervalued conditions are present.

Other Factors

Yet PRTY’s high RSI value isn’t the only reason for investors to be concerned, as there has been some decidedly negative earnings estimate revisions Party City Holdco’s stock as of late. This is especially true when investors dive into some of these revisions in order to get a better picture of PRTY’s prospects for the near term.

Over the past one month, investors have witnessed 1 earnings estimate revision lower compared to none higher for the current year. The consensus estimate for PRTY’s has also been on a downward trend over the same time period too, as the estimates have fallen 19.2% over the last two months.

If this wasn’t enough, Party City Holdco also has a Zacks Rank #5 (Strong Sell) which puts it into unfortunate company among its peers. So, given all of these factors, investors may want to consider exiting this stock now before it falls back to Earth.

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POPULAR NEWS

CNH Industrial (NYSE:CNHI) Use Of Debt Could Be Considered Risky

CNH Industrial (NYSE:CNHI) Use Of Debt Could Be Considered Risky

April 14, 2021
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September 14, 2021
CN Rail Stock Is So Undervalued That it’s Absurd

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May 2, 2021
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Lyons Magnus Expands Product Recall by Nearly 400 Products

We Think Alcoa (NYSE:AA) Can Stay On Top Of Its Debt

Philip Morris International Inc. stock falls Friday, underperforms market

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