The 5 Most Expensive Industrial Stocks You Should Worry About – Ultra Industrial Motion (NASDAQ:AIMC), Aerojet Rocketdyne Hldgs (NYSE:AJRD)

The most overbought stocks in the industrials sector present an opportunity to go short on these overvalued companies.

RSI is a momentum indicator, which compares the strength of a stock on days when prices go up and days when prices go down. Compared to a stock’s price action, it can give traders a better understanding of how the stock is likely to perform in the short term. An asset is generally overbought when the RSI is above 70.

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

Aerojet Rocketdyne Holdings, Inc. AJRD

  • JP Morgan recently downgraded Aerojet Rocketdyne from Overweight to Neutral and raised the price target to $58 from $54. in the company’s stock 52-week high of $56.19 ,
  • RSI Value: 72.49
  • AJRD Price Action: Shares of Aerojet Rocketdyne rose 0.1% to $55.80 on Friday and fell 0.5% in after-hours trading.

ultra industrial motion corp. AIMC

  • BMO Capital recently downgraded Ultra Industrial Motion to Market Perform from Outperform and raised the price target from $50 to $62. The stock is at a high of 52 weeks of $60.44.
  • RSI Value: 72.70
  • AIMC Price Action: Shares of Ultra Industrial Motion closed down 0.1% at $59.61 on Friday.

performing financial corporation pfmt

  • Lake Street recently acquired Performant Final with a Buy rating and announced a price target of $8. Company has a 52 week high of $3.41.
  • RSI Value: 75.27
  • PFMT Price Action: Shares of Performant Financial closed up 4.3% at $3.15 on Friday.

Read more: Investor fears eased after US stocks record gains

Team, Inc. tisi

  • team board appointed Keith Tucker as Chief Executive Officer Effective until 22 November. The company’s 52-week high is $30.70.
  • RSI Value: 90.77
  • TISI Price Action: Shares of the team closed up 0.5% at $5.66 on Friday and were down 2.8% in after-hours trading.

ATIF Holdings Limited atif

  • ATIF Holdings announced the formation of ATIF Business Management LLC during October. company 52 week high of $4.61.
  • RSI Value: 74.17
  • ATIF Price Action: Shares of ATIF Holdings rose 7.6% to $2.27 on Friday.

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