Top 3 Industrials Stocks That May Plunge This Month

Core Insights - Three stocks in the industrials sector are showing signs of being overbought, which may concern momentum-focused investors [1][2] - The Relative Strength Index (RSI) is a key momentum indicator, with values above 70 indicating overbought conditions [2] Company Summaries - CoreCivic Inc (CXW): - Scheduled to release Q1 financial results on May 7 - Stock increased by approximately 16% in the past five days, reaching a 52-week high of $24.99 - Current RSI value is 71.1, with a price action gain of 2.7% to close at $22.10 [5] - Momentum score is 95.23, with a value score of 65.79 [5] - Eos Energy Enterprises Inc (EOSE): - Announced a 5 GWh Memorandum of Understanding with Frontier Power for energy storage in the UK - Stock surged around 56% in the past five days, with a 52-week high of $6.64 - Current RSI value is 71.5, with a price action gain of 19.7% to close at $5.05 [5] - eLong Power Holding Ltd (ELPW): - Received staff determination notices from Nasdaq on March 25 - Stock skyrocketed approximately 213% over the past month, reaching a 52-week high of $12.60 - Current RSI value is 87.1, with a price action gain of 43.2% to close at $2.19 [5]