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 Pro.

• Vizio posted upbeat sales for the third quarter. "At VIZIO, we continue to invest in delivering the best possible experience for our users and partners alike. Over the past few years, we have been continuously retooling and enhancing our operating system to unlock further growth opportunities," said William Wang, CEO of VIZIO. The company’s stock has a 52-week high of $11.22. .
• RSI Value: 81.88
• VZIO Price Action: Shares of VIZIO Holding gained 26.5% to close at $6.68 on Friday.

• Legacy Housing reported better-than-expected third-quarter earnings. Duncan Bates, President and Chief Executive Officer, stated, “The need for affordable housing in the United States is undeniable. Mortgage rates have increased drastically, median home prices have held, and large numbers of potential homebuyers are priced out of the traditional housing market. Leading indicators for manufactured housing, such as retail traffic and loan applications, point toward a gradual recovery for our industry.” The company’s stock has a 52-week high of $25.30.
• RSI Value: 82.84
• LEGH Price Action: Shares of Legacy Housing jumped 20.6% to close at $22.25 on Friday.

• Light & Wonder reported better-than-expected third-quarter revenue results. Matt Wilson, President and Chief Executive Officer of Light & Wonder, said, "Our tremendous team at Light & Wonder continues to deliver exceptional results with double-digit growth across all three of our businesses for the fourth consecutive quarter." The company has a 52-week high of $86.87.
• RSI Value: 81.61
• LNW Price Action: Shares of Light & Wonder gained 11.2% to close at $86.82 on Friday.

• Meritage Homes reported better-than-expected third-quarter results. "Homebuying demand held steady in the third quarter of 2023 despite the elevated interest rate environment, as we continued to offer a full range of incentives to help buyers solve for a monthly payment. With the backdrop of life events creating a housing need for millennials and baby boomers and the ongoing shortage of existing home inventory for sale, Meritage’s average absorption pace reached 4.1 net orders per month this quarter," said Steven J. Hilton, executive chairman of Meritage Homes. The company’s 52-week high is $152.55.
• RSI Value: 71.95
• MTH Price Action: Shares of Meritage Homes gained 3.4% to close at $134.54 on Friday.