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.

• Mercer International reported better-than-expected third-quarter financial results. Mr. Juan Carlos Bueno, the Chief Executive Officer, stated, “Our third quarter results were significantly better than the second quarter due to lower fiber and other production costs as inflationary pressures eased.” The company’s stock has a 52-week high of $14.20. .
• RSI Value: 71.19
• MERC Price Action: Shares of Mercer International rose 6.8% to close at $10.03 on Tuesday.

• Smith-Midland said revenue rose 31% from the previous year quarter to $15.7 million. "Our strong third quarter results reflect the underlying strength of our business coupled with the favorable tailwinds within the industry from increased public and private infrastructure and construction spending," said Ashley Smith, Chairman and Chief Executive Officer of Smith-Midland. The company’s stock has a 52-week high of $27.30.
• RSI Value: 83.58
• SMID Price Action: Shares of Smith-Midland fell 1.4% to close at $26.63 on Tuesday.

• Berry Global posted better-than-expected quarterly earnings. Kevin Kwilinski, Berry’s new CEO said, “I am pleased to report we exceeded our adjusted earnings per share outlook and significantly beat our free cash flow guidance by over $100 million.” The company has a 52-week high of $68.01.
• RSI Value: 71.54
• BERY Price Action: Shares of Berry Global fell 0.5% to close at $64.30 on Tuesday.