As of Aug 15, 2024, three stocks in the industrials 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.

Heico Corp (NYSE:HEI)

• On Aug. 26 after the NYSE closing, HEICO will release its financial results for the third quarter ended July 31. The company's stock gained around 5% over the past month and has a 52-week high of $242.98.
• RSI Value: 71.40
• HEI Price Action: Shares of Heico gained 0.8% to close at $236.89 on Wednesday.

Civeo Corp (NYSE:CVEO)

• On Aug. 13, Civeo announced amendment and extension to its credit agreement, upsizing total revolving credit facility capacity from $200 million to $245 million. The company's stock gained around 16% over the past month and has a 52-week high of $28.25.
• RSI Value: 75.08
• CVEO Price Action: Shares of Civeo fell 0.4% to close at $27.65 on Wednesday.

Axon Enterprise Inc (NASDAQ:AXON)

• On Aug. 6, Axon Enterprise reported better-than-expected second-quarter financial results and raised its FY24 revenue guidance above estimates. The company's stock gained around 20% over the past month and has a 52-week high of $375.95.
• RSI Value: 74.75
• AXON Price Action: Shares of Axon Enterprise gained 0.4% to close at $370.57 on Wednesday.

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