Overbought Stocks is a list of the most overbought stocks today based on the RSI momentum technical indicator.
Overbought stocks are worth watching for traders because the trend for overbought stocks may reverse soon.
Most Overbought Stocks
When the technical indicator RSI is above 70, a stock is considered an overbought stock. When the RSI indicator drops from 70, it generates a bearish signal.
The following shows a list of the most overbought stocks today based on the RSI indicator.
How to Trade Overbought Stocks
There are various ways to find stocks that are overbought using different types of technical indicators, RSI is one of the popular ones. Please remember just because a stock
is in the overbought zone doesn't mean it is a SELL.
Some strong stocks may keep keep going up for a long time before it reaches its peak. During that time, the RSI will stay
above 70 and the stock will remaind overbought. It is not a good idea to sell or short a stock just because the RSI indicator indicates it is an overbought stock. You should
combine the overbought signals with other technical indicators and the general trend of the market.
To learn more about trading, read Swing Trading Strategies.