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These are overbought stocks in the industrials sector

23.03.2023

The industrials sector has the opportunity to go short on the overvalued companies because of the overbought stocks.

The RSI is a momentum indicator that compares a stock's strength on days when prices go up to its strength on days when prices go down. It can give traders a better sense of how a stock might perform in the short term when compared to a stock price action. An asset is considered overbought when the RSI is above 70.

Here is the latest list of major overbought players in this sector.

Shares of 374 Water rose by 3.7% to close at $4.74 on Wednesday.

The KBAL Price Action: Shares of Kimball International rose 0.4% to close at $12.29 on Wednesday.