Top 5 Industrials Stocks That Should Keep You Up At Night

The most overbought stocks in the industrials sector presents an opportunity to go short on these overvalued companies.

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.

Here’s the latest list of major overbought players in this sector.

Freightos Limited CRGO

• Chardan Capital reiterated Freightos with a Buy and maintained $11 price target.. The company’s stock has a 52-week high of $31.15 .
• RSI Value: 74.82
• CRGO Price Action: Shares of Freightos fell 6.3% to close at $4.03 on Thursday.

Aurora Innovation, Inc. AUR

• Canaccord Genuity reiterated Aurora Innovation with a Buy and maintained a $5 price target. The company’s stock has a 52-week high of $3.27.
• RSI Value: 70.21
• AUR Price Action: Shares of Aurora Innovation fell 5.4% to close at $2.30 on Thursday.

LanzaTech Global, Inc. LNZA

• LanzaTech Global posted a narrower quarterly loss. “Successfully completing our go-public transaction was a tremendous accomplishment and strengthens LanzaTech’s market position as we accelerate growth and continue to execute on our mission to change the way the world handles carbon pollution,” said Jennifer Holmgren, Chairman and Chief Executive Officer of LanzaTech. The company has a 52-week high of $10.80.
• RSI Value: 80.81
• LNZA Price Action: Shares of LanzaTech Global fell 4.8% to close at $6.35 on Thursday.

Bowman Consulting Group Ltd. BWMN

• Bowman Consulting Group said it has been selected by Southwest Gas Corporation's Southern Nevada Division for a new multi-year, on-call engineering and land survey services contract. The company’s 52-week high is $34.46.
• RSI Value: 70.14
• BWMN Price Action: Shares of Bowman Consulting fell 4.5% to close at $32.48 on Thursday.

Astronics Corporation ATRO

• Astronics Corporation announced filing of $150 million universal shelf registration statement. The company has a 52-week high of $20.19.
• RSI Value: 70.45
• ATRO Price Action: Shares of Astronics fell 2.7% to settle at $19.09 on Thursday.

Read More: Investor Sentiment Improves After Nasdaq Snaps 3-Session Losing Streak