5 Most Expensive Industrials Stocks You Should Worry About

The most overbought stocks in the industrial 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.

LSI Industries Inc. LYTS

• LSI Industries reported better-than-expected Q2 results. The company’s stock has a 52-week high of $14.98 .
• RSI Value: 71.05
• LYTS Price Action: Shares of LSI Industries fell 3.9% to settle at $14.40 on Friday and lost 2.8% in after-hours trading.

Heritage-Crystal Clean, Inc HCCI

• DA Davidson initiated coverage on the stock with a Buy rating and a $40 price target. The company’s stock has a 52-week high of $38.46.
• RSI Value: 70.71
• HCCI Price Action: Shares of Heritage-Crystal Clean fell 2% to close at $37.00 on Friday and lost 2.4% in after-hours trading.

Textainer Group Holdings Limited TGH

• Textainer Group, during November, posted upbeat quarterly earnings. The company has a 52-week high of $41.89.
• RSI Value: 70.54
• TGH Price Action: Shares of Textainer Group Holdings fell 2% to close at $34.03 on Friday and added 0.1% in after-hours trading.

Byrna Technologies Inc. BYRN

• Byrna Technologies announced the formation of Byrna LATAM and the opening of a new factory in Argentina. The company’s 52-week high is $11.57.
• RSI Value: 70.03
• BYRN Price Action: Shares of Byrna Technologies fell 1.8% to close at $9.81 on Friday and added 2% in after-hours trading.

Brady Corporation BRC

• Brady, during November, posted upbeat Q1 earnings. The company has a 52-week high of $52.89.
• RSI Value: 73.81
• BRC Price Action: Shares of Brady fell 0.6% to settle at $52.49 on Friday and added 0.1% in pre-market trading.

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