I am bearish on SuRo Capital (SSSS) stock. General bearish sentiment has proven particularly detrimental to growth stocks, and the value of portfolios invested in these types of companies. The Russell 3000 Growth Index, a measure of the performance of growth stocks in the United States, is down 17% year-to-date. SuRo Capital is down around 36% year-to-date. After this harsh downturn, the stock now has a 14-day Relative Strength Index (RSI) of 39.5, meaning there is progress towards oversold levels with room for current headwinds to push the stock further down. When the RSI is above 70, the stock is generally considered overbought, while below 30 is considered oversold.
https://www.tipranks.com/news/article/suro-capital-further-downside-is-likely?utm_source=advfn.com&utm_medium=referral
SuRo Capital (NASDAQ:SSSS)
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SuRo Capital (NASDAQ:SSSS)
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