5 Most Overvalued Stocks In The Industrials Sector: Aerojet Rocketdyne, Triton International And More


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

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.

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


Aerojet Rocketdyne Holdings, Inc. AJRD

  • Aerojet Rocketdyne has been awarded a $98.5 million contract under an Other Transaction Authority by the Naval Aviation Systems Consortium to produce new Joint Economical Sled Track Rockets. The company’s stock has a 52-week high of $56.00 .
  • RSI Value: 70.28
  • AJRD Price Action: Shares of Aerojet Rocketdyne rose 0.1% to settle at $54.81 on Wednesday, and declined 0.1% in the pre-market trading session on Wednesday.

Triton International Limited TRTN

  • Triton International announced expansion of share repurchase authorization to $400 million. The company’s stock has a 52-week high of $72.34.
  • RSI Value: 70.43
  • TRTN Price Action: Shares of Triton International fell 0.4% to close at $69.10 on Wednesday.

Altra Industrial Motion Corp. AIMC

  • Lyle G. Ganske, Board Member at Altra Industrial Motion, reported a large insider buy on November 22. The company has a 52-week high of $60.44.
  • RSI Value: 78.06
  • AIMC Price Action: Shares of Altra Industrial Motion slipped 0.1% to close at $59.65 on Wednesday.

Pitney Bowes Inc. PBI

  • Hestia Capital confirmed intent to overhaul Pitney Bowes' board of directors following 10+ years of significant value destruction under Chair Michael Roth and CEO Marc Lautenbach. The company’s 52-week high is $6.92.
  • RSI Value: 72.49
  • PBI Price Action: Shares of Pitney Bowes fell 0.5% to close at $4.22 on Wednesday and gained 4% in the after-hours trading session.

Dragonfly Energy Holdings Corp. DFLI

  • Chardan Capital, last month, initiated coverage on Dragonfly Energy with a Buy rating and announced a price target of $15.. The company has a 52-week high of $27.95.
  • RSI Value: 70.41
  • DFLI Price Action: Shares of Dragonfly Energy Holdings gained 3.1% to settle at $14.28 on Wednesday and dropped 5% in the after-hours trading session.
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