As of Aug 20, 2024, two stocks in the real estate sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.

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.

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

Compass Inc (NYSE:COMP)

Realty Income Corp (NYSE:O)

• On Aug. 19, Realty Income priced $500 million offering of senior notes due 2054. The company's stock gained around 6% over the past month and has a 52-week high of $61.60.
• RSI Value: 71.84
• O Price Action: Shares of Realty Income gained 1.4% to close at $60.86 on Monday.

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