Top 2 Real Estate Stocks That Could Lead To Your Biggest Gains in November

Author: Lisa Levin | November 09, 2023 08:15am

The most oversold stocks in the real estate sector presents an opportunity to buy into undervalued companies.

The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30.

Here’s the latest list of major oversold players in this sector, having an RSI near or below 30.

La Rosa Holdings Corp. (NASDAQ:LRHC)

• La Rosa Holdings entered into a strategic referral partnership agreement with Janover Inc. "We are very excited about our referral agreement with Janover," commented Joe La Rosa, CEO of La Rosa. "Janover provides a powerful platform that addresses key issues related to inefficiency in the commercial real estate lending market. We believe their expansive network of banks and first-in-class AI enabled fintech platform will help drive referrals to our brokers." The company’s stock has a 52-week low of $0.90 .
• RSI Value: 20.61
• LRHC Price Action: Shares of La Rosa Holdings fell 3.8% to close at $1.00 on Wednesday.

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR)

• Wheeler Real Estate Investment Trust reported its financial and operating results for the three and nine months ended Sept. 30, 2023 on Form 10-Q. It has a 52-week low of $0.2710.
• RSI Value: 29.59
• WHLR Price Action: Shares of Wheeler Real Estate Investment Trust fell 4.7% to close at $0.2829 on Wednesday.

 

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Posted In: LRHC WHLR