Top 5 Industrials Stocks That Should Keep You Up At Night


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.

Terex Corporation TEX

  • Terex reported better-than-expected Q4 EPS and sales results. “The fourth quarter marked an excellent finish to a strong year for Terex. We successfully navigated complex global macro dynamics to deliver significant revenue and earnings growth,” said Terex Chairman and Chief Executive Officer John L. Garrison, Jr. The company’s stock has a 52-week high of $57.48 .
  • RSI Value: 83.61
  • TEX Price Action: Shares of Terex gained 5.8% to close at $57.47 on Monday and added 0.3% in after-hours trading.

Global Industrial Company GIC

  • Global Industrial, during November, reported worse-than-expected Q3 EPS and sales results. The company’s stock has a 52-week high of $37.32.
  • RSI Value: 72.75
  • GIC Price Action: Shares of Global Industrial gained 5.1% to close at $29.17 on Monday.

Park Aerospace Corp. PKE

  • Park Aerospace recently raised quarterly dividend from $0.10/share to $0.125/share. The company also declared a special dividend of $1.00/share payable Apr. 6, 2023. The company has a 52-week high of $15.93.
  • RSI Value: 76.10
  • PKE Price Action: Shares of Park Aerospace gained 4.4% to close at $15.81 on Monday.

Proto Labs, Inc. PRLB

  • Proto Labs recently reported better-than-expected Q4 adjusted EPS and sales results. "In a challenging economic environment, impacted by inflation, slowing growth and continued supply chain challenges, our Protolabs and Hubs teams continued to delight our customers as together we build the most comprehensive digital manufacturing capabilities in the world," said Rob Bodor, President and Chief Executive Officer. The company’s 52-week high is $59.44.
  • RSI Value: 71.84
  • PRLB Price Action: Shares of Proto Labs fell 0.6% to close at $34.23 on Monday and added 4.6% in after-hours trading.

Omega Flex, Inc. OFLX

  • Omega Flex, during October, posted a rise in quarterly earnings. The company has a 52-week high of $156.70.
  • RSI Value: 70.70
  • OFLX Price Action: Shares of Omega Flex gained 3.6% to settle at $117.12 on Monday.

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