As of March 13, 2025, two 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.
Sprinklr Inc CXM
- On March 12, Sprinklr reported better-than-expected fourth-quarter financial results and issued FY26 revenue guidance above estimates. “We are encouraged by our Q4 results driven by several large customer deals across both Core and Sprinklr Service,” said Rory Read, Sprinklr President and CEO. The company's stock gained around 11% over the past five days and has a 52-week high of $14.32.
- RSI Value: 74.8
- CXM Price Action: Shares of Sprinklr gained 16.6% to close at $9.42 on Wednesday.
Logility Supply Chain Solutions Inc LGTY
- On March 10, Logility Supply Chain Solutions disclosed that the unsolicited non-binding proposal to acquire all outstanding shares of Logility’s common stock, previously announced on March 7, has been withdrawn by the bidder. The company's stock gained around 1% over the past month and has a 52-week high of $14.26.
- RSI Value: 82.2
- LGTY Price Action: Shares of Logility Supply Chain Solutions gained 0.1% to close at $14.22 on Wednesday.
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