Here are the most overbought and oversold names after a volatile week

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Here are the most overbought and oversold names after a volatile week

Stocks closed out a turbulent week on a positive note, but a couple of winning names could soon see a decline. Volatility defined this shortened trading week, with stocks rising on both Monday and …

Stocks closed out a turbulent week on a positive note, but a couple of winning names could soon see a decline. Volatility defined this shortened trading week, with stocks rising on both Monday and Tuesday, boosted by a potential peace deal between the U.S. and Iran . On Wednesday, fears of a potential rate hike in 2026 sent stocks lower. The major averages bounced on Thursday, with all three indexes ultimately ending the week higher. Still, investors preferred to pile into several individual stocks this week, pushing them into overbought territory. CNBC Pro used its stock screener tools to identify such names based on their 14-day relative strength index, or RSI. Stocks with a 14-day RSI reading above 70 are considered overbought, meaning that they may soon see a pullback. On the other hand, a result below 30 indicates that a stock is oversold and that a rebound could be on the horizon. The following table shows this week's most overbought names: Semiconductor play Applied Materials and memory stock Western Digital were both among this week's most overbought names. Applied Materials gained almost 9% this week and ended with an RSI of 77, while Western Digital clocked a nearly 33% advance and RSI of 78. Both names moved higher after President Donald Trump said in a Truth Social post that Intel had struck a deal with Apple to design and build chips in the United States. …

Original source: CNBC Top News

Mentioned

FactSet · Accenture · Truth Social · Donald Trump · United States · Morgan Stanley