As of May 6, 2025, two stocks in the energy 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.
Teekay Tankers Ltd TNK
- Teekay will release their financial results for the first quarter after the closing bell on Wednesday, May 7. Analysts expect the company to report quarterly earnings at $1.15 per share on revenue of $144.85 million. The company's stock jumped around 23% over the past month and has a 52-week high of $74.20.
- RSI Value: 73.8
- TNK Price Action: Shares of Teekay Tankers jumped 4.7% to close at $46.17 on Monday.
- Edge Stock Ratings: 27.51 Momentum score with Value at 94.71.
Frontline Plc FRO
- On April 22, Evercore ISI Group analyst Jonathan Chappell maintained Frontline with an Outperform rating and lowered the price target from $22 to $20. The company's stock gained around 24% over the past month and has a 52-week high of $29.39.
- RSI Value: 70.5
- FRO Price Action: Shares of Frontline gained 3.9% to close at $17.79 on Monday.
Curious about other BZ Edge Rankings? Click here to discover how similar stocks measure up.
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