As of Feb. 7, 2024, four stocks in the materials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.

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

ASP Isotopes Inc. (NASDAQ:ASPI)

• On Jan. 10, ASP Isotopes issued corporate update regarding Pretoria, South Africa operations. The company’s stock gained around 35% over the past five days and has a 52-week high of $3.1299 .
• RSI Value: 81.69
• ASPI Price Action: Shares of ASP Isotopes gained 6.9% to close at $3.10 on Tuesday.

Smith-Midland Corporation (NASDAQ:SMID)

• On Dec. 12, Smith-Midland received $3.8 million J-J Hooks Barrier Rental contract for I-64 in Virginia. The company’s stock gained around 12% over the past five days and has a 52-week high of $45.55.
• RSI Value: 75.27
• SMID Price Action: Shares of Smith-Midland jumped 5% to close at $45.07 on Tuesday.

Eagle Materials Inc. (NYSE:EXP)

• On Jan. 25, Eagle Materials posted better-than-expected quarterly results The company’s stock gained around 16% over the past month and has a 52-week high of $237.43.
• RSI Value: 77.59
• EXP Price Action: Shares of Coherent gained 1% to close at $235.82 on Tuesday.

CEMEX, S.A.B. de C.V. (NYSE:CX)

• On Jan. 9, B of A Securities analyst Carlos Peyrelongue upgraded Cemex from Neutral to Buy and raised the price target from $8.2 to $9. The company’s stock jumped around 12% over the past month and has a 52-week high is $8.69.
• RSI Value: 75.53
• CX Price Action: Shares of CEMEX gained 2.6% to close at $8.68 on Tuesday.

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