RBL, Craftsman Automation among 10 overbought stocks with RSI above 70
The RSI is a popular technical analysis tool used to evaluate the momentum and strength of a stock’s price movement. RSI values range from 0 to 100, with readings above 70 indicating that a stock is overbought, potentially due for a price correction, while readings below 30 suggest that a stock is oversold and might experience a price rebound.
