As of Nov. 13, 2024, four stocks in the information technology 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.

Olo Inc (NYSE:OLO)

Couchbase Inc (NASDAQ:BASE)

• Couchbase will report financial results for its third quarter ended Oct. 31, on Tuesday, Dec. 3 after market close. The company's stock gained around 18% over the past month and has a 52-week high </em></a> of $32.00.
• RSI Value: 78.49
• BASE Price Action: Shares of Couchbase gained 5.5% to close at $19.57 on Tuesday.

BILL Holdings Inc (NYSE:BILL)

• On Nov. 7, BILL Holdings reported better-than-expected first-quarter financial results and issued FY25 guidance above estimates. The company's stock jumped around 45% over the past five days and has a 52-week high is $275.52.
• RSI Value: 90.16
• BILL Price Action: Shares of BILL gained 3.6% to close at $89.01 on Tuesday.

Zscaler Inc (NASDAQ:ZS)

• Zscaler will release first quarter fiscal year 2025 earnings after the closing bell on Monday, Dec. 2. The company's stock jumped around 9% over the past five days and has a 52-week high of $259.58.
• RSI Value: 76.64
• ZS Price Action: Shares of Zscaler climbed 4.8% to close at $209.04 on Tuesday.

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