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.

• US Foods Holding reported an increase in sales for its third quarter. "Our strong third quarter and year-to-date earnings are a result of continued growth and market share gains in our target customer types, the operational efficiencies we have achieved over the last few quarters, and the dedication of our 29,000 associates, who relentlessly focus on delivering best-in-class service to our customers and executing our strategic long-range plan initiatives," said Dave Flitman, CEO. The company’s stock has a 52-week high of $44.52. .
• RSI Value: 70.62
• USFD Price Action: Shares of US Foods gained 0.6% to close at $42.77 on Monday.

• Anheuser-Busch InBev reported third-quarter FY23 sales growth of 5% year-on-year to $15.57 billion, missing the analyst consensus estimate of $15.73 billion. The company expects its FY23 EBITDA to grow in line with its medium-term outlook of 4%-8% and revenue to grow ahead of EBITDA from a healthy combination of volume and price. It expects FY23 capital expenditure of $4.5 billion - $5 billion. The company’s stock has a 52-week high of $67.09.
• RSI Value: 71.18
• BUD Price Action: Shares of Anheuser-Busch InBev gained 0.2% to close at $59.71 on Monday.

• RLX Technology posted upbeat earnings for the third quarter. "The end of the third quarter of 2023 marked one year since the new regulatory framework for the e-vapor industry came into effect," said Ms. Ying (Kate) Wang, Co-founder, Chairperson of the Board of Directors, and CEO of RLX Technology. The company has a 52-week high of $3.06.
• RSI Value: 71.03
• RLX Price Action: Shares of RLX Technology gained 14.6% to close at $1.88 on Monday.