NewMarket Corporation

The most overbought stocks in the materials 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. Northern Technologies International Corporation (NASDAQ: NTIC) Northern Technologies International reported third-quarter FY23 sales of $20.97 million, a 10.6% growth year-on-year, missing the estimate of $20.60 million. "Our third quarter results also reflect the success of the countermeasures we've put in place against supply chain issues, significant raw ...

Related tickers: NTIC, AMR, CF, MOS, NEU.

The most overbought stocks in the materials 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. Brown & Brown, Inc. (NYSE: BRO) Brown & Brown reported better-than-expected Q1 adjusted EPS and sales results. J. Powell Brown, president ...

Related tickers: BRO, GFI, GLT, NEU, LITM.