The most over-valued company in the communication services sector offers an opportunity to go short on these over-valued stocks.
The RSI is a momentum indicator, comparing a stock's strength on days when prices go up to its strength on days when prices go down. With compared to a stock's price action, it can give traders a better understanding of how a stock may perform in the short term. The value of an asset is usually overbought when the RSI is above 70.
The latest list of major overbought companies in this sector has been released.
Orange shares closed at $12.63, up 0.2% compared to the previous close of $12.63.
Electronic Arts shares rose 0.05% on the Nasdaq Stock Market to close at $128.80.