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As of May 11, 2026, two stocks in the communication services sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
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, according to Benzinga Pr.
Here’s the latest list of major overbought players in this sector.
Alphabet Inc (NASDAQ:GOOGL)
- On April 29, Alphabet reported first-quarter results, beating analyst estimates on the top and bottom lines. “This was our …
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