VRTV - Top 5 Industrials Stocks That Could Sink Your Portfolio This Quarter | Benzinga
The most overbought stocks in the industrials sector presents an opportunity to go short on these overvalued 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 overbought when the RSI is above 70.
Here’s the latest list of major overbought players in this sector.
Brady Corporation (NYSE: BRC)
- Brady reported better-than-expected results for its fourth quarter. The company's Board of Directors approved an increase in the annual dividend to shareholders from $0.92 to $0.94 per share, representing a 2.2% increase. The company’s stock has a 52-week high of $58.20. .
- RSI Value: 77.57
- BRC Price Action: Shares of Brady ...