These overbought consumer discretionary stocks should be shortlisted

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These overbought consumer discretionary stocks should be shortlisted

The overbought stocks in the consumer discretionary sector present an opportunity to short on these overvalued companies.

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. When compared to a stock's price action, it can provide traders with a more accurate picture of a stock's performance in the short term. An asset should be overbought if the RSI is above 70.

What are the top overbought players in this market?

ANF price action: Shares of Abercrombie & Fitch rose 2.7% to close at $56.05 on Thursday.

Shares of Phoenix Motors rose 34.3% on Thursday to close at $0.9300.

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