Benzinga·2026-01-06 13:20Group 1: Market Overview - As of January 6, 2026, two stocks in the information technology sector are signaling potential warnings for momentum-focused investors [1] - The Relative Strength Index (RSI) is a key momentum indicator, with values above 70 indicating that a stock may be overbought [2] Group 2: Company Analysis - Taiwan Semiconductor Manufacturing Co Ltd (TSMC) - TSMC secured a one-year U.S. export license to import chipmaking equipment into its China operations [6] - The stock gained approximately 7% over the past five days, reaching a 52-week high of $331.25 [6] - TSMC's RSI value is reported at 72.1, with shares closing at $322.25 on Monday [6] - The company has an Edge Stock Rating of 88.80 for momentum and 33.75 for value [6] Group 3: Company Analysis - Micron Technology Inc - Micron reported first-quarter revenue of $13.64 billion, exceeding analyst estimates of $12.83 billion [6] - The company posted adjusted earnings of $4.78 per share, surpassing analyst expectations of $3.95 per share [6] - Micron's stock increased by around 26% over the past month, achieving a 52-week high of $325.53 [6] - The RSI value for Micron is 71.1, with shares closing at $312.15 on Monday [6]