A. O. Smith(US:AOS) Benzingaยท2024-07-17 13:05Core Insights - Three stocks in the industrials sector are identified as potentially overbought, indicating a warning for momentum-focused investors [1] Group 1: Gates Industrial Corporation PLC (GTES) - Gates Industrial is set to release its second-quarter earnings on July 31, 2024 [2] - The stock has increased approximately 12% over the past five days, reaching a 52-week high of $17.98 [2] - The RSI value for Gates Industrial is 74.86, indicating overbought conditions [2] - The stock closed at $16.97 after a 4.3% gain on Tuesday [2] Group 2: Fluor Corp (FLR) - Truist Securities analyst maintained a Buy rating for Fluor and raised the price target from $47 to $54 [3] - The stock has gained around 14% over the past five days, with a 52-week high of $50.63 [3] - The RSI value for Fluor is 80.06, suggesting it is significantly overbought [3] - The stock closed at $50.26 after a 3.7% increase on Tuesday [3] Group 3: A. O. Smith Corp (AOS) - A. O. Smith announced an agreement to acquire Pureit from Unilever, aiming to enhance its market position in water treatment products [4] - The stock has risen approximately 13% over the past five days, reaching a 52-week high of $92.14 [4] - The RSI value for A. O. Smith is 76.88, indicating overbought status [4] - The stock closed at $91.98 after a 4.8% gain on Tuesday [4]