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.

• ThredUp will release its financial results for the first quarter on Monday, May 5, after the close of the U.S. markets. The company's stock jumped around 37% over the past month and has a 52-week high of $3.89.
• RSI Value: 83.2                                
• TDUP Price Action: Shares of ThredUp gained 15.3% to close at $3.85 on Tuesday.
• Edge Stock Ratings: 99.37 Momentum score with Value at 52.30.

• On April 18, AMMO completed the sale of ammunition manufacturing assets to Olin Winchester. “This transaction marks a defining moment in AMMO’s evolution,” said Christos Tsentas, Chair of the Board’s M&A Committee. “After a thorough strategic review and collaboration with our financial and legal advisors, we are confident this sale will unlock significant value and enable AMMO to accelerate growth as a pure-play e-commerce platform." The company's stock gained around 35% over the past five days and has a 52-week high of $2.86.
• RSI Value: 81.4
• POWW Price Action: Shares of Ammo rose 15.4% to close at $1.80 on Tuesday.