Top 3 Tech And Telecom Stocks That May Crash This Month

As of Dec. 18, 2024, three stocks in the communication services 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.

Travelzoo TZOO

• On Oct. 23, Travelzoo announced better-than-expected third-quarter EPS results and a repurchase program for up to one million shares. “We will continue to leverage Travelzoo’s global reach, trusted brand, and strong relationships with top travel suppliers to negotiate more Club Offers for members,” said Holger Bartel, Travelzoo’s Global CEO. The company's shares gained around 17% over the past month and has a 52-week high of $21.38.
• RSI Value: 74.73                              
• TZOO Price Action: Shares of Travelzoo closed at $21.25 on Tuesday.

Podcastone Inc PODC

• On Nov. 7, PodcastOne posted weaker-than-expected quarterly results. “The momentum we established in first quarter has continued, evidenced by our 16% revenue growth to $12.2 million in Q2 Fiscal 2025,” said Kit Gray, President and Co-Founder of PodcastOne. The company's stock gained around 60% over the past month and has a 52-week high of $2.70.
• RSI Value: 77.09
• PODC Price Action: Shares of Podcastone closed at $2.67 on Tuesday.

Fox Corp FOXA

• On Dec. 17, Fox announced its digital presence reached 2.4 billion total multiplatform views in November. The company's stock gained around 8% over the past month and has a 52-week high of $49.30.
• RSI Value: 77.52
• FOXA Price Action: Shares of Fox closed at $49.07 on Tuesday.

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