Top 4 Industrials Stocks That May Implode In September

Lisa Levin

September 22, 2023

The most overbought stocks in the industrials 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.

Steelcase Inc. (NYSE:SCS)

Steelcase reported better-than-expected second-quarter financial results and issued third-quarter and full-year 2024 earnings per share guidance above estimates. Steelcase also issued third-quarter earnings per share guidance in a range between 23 cents and 27 cents, versus the estimate of 19 cents. Full-year 2024 earnings per share is expected to be between 80 cents and 90 cents, versus the estimate of 67 cents. The company’s stock has a 52-week high of $11.38. .
RSI Value: 83.15
SCS Price Action: Shares of Steelcase rose 2.3% to close at $10.75 on Thursday.

Lichen China Limited (NASDAQ:LICN)

The company’s stock gained more than 90% over the past month. The company’s stock has a 52-week high of $5.82.
RSI Value: 84.79
LICN Price Action: Shares of Lichen China jumped 16.7% to close at $1.47 on Thursday.

Safe & Green Holdings Corp. (NASDAQ:SGBX)

Safe & Green Holdings announced distribution date of Sept. 27, 2023, for planned spinoff of SG DevCo to Nasdaq. The company has a 52-week high of $2.18.
RSI Value: 71.76
SGBX Price Action: Shares of Safe & Green jumped 14.6% to close at $1.81 on Thursday.

Veritiv Corporation (NYSE:VRTV)

Veritiv posted better-than-expected earnings for its second quarter. The company’s 52-week high is $169.85.
RSI Value: 72.53
VRTV Price Action: Shares of Veritiv closed at $168.79 on Thursday.

Read More: Scholastic, Dynatronics And 3 Stocks To Watch Heading Into Friday

Recommended

Brace Yourself for Jeff Bezos' "Amazon Helios" - Ad

Elon's Greatest Invention... Hidden in South Memphis? - Ad

No.1 Opportunity for 2025 [Take Action Now!] - Ad

A new ETF is offering investors the chance to follow in the footsteps of one of the world's most successful investors and earn income at the same time.

Musk's Ex-Wife Opens Up About Why Life With Elon Was So Difficult

Justine Wilson recently shed light on the complexities of their marriage and the challenges she faced being married to the Tesla CEO.

Trump's Crypto Blueprint Unveils This Infrastructure Powerhouse

Trump's Crypto Blueprint Unveils This Infrastructure Powerhouse - Ad

One blockchain token sits at the heart of Washington's pro-crypto agenda. Institutions are loading up while it still trades at a discount. Here's how to get in for $3.

Jeff Sperbeck, former agent for John Elway, dies after injury at 62

LA QUINTA, Calif. (AP) — Jeff Sperbeck, a business partner and former agent for NFL Hall of Famer John Elway, died Wednesday after suffering an injury last weekend at a Southern California golf resort community. He was 62.

Yale Classmates Urge Bessent To Reconsider Trump White House Role — Treasury Secretary Calls It an 'Honor'

A group of Yale University alumni publicly appealed to Treasury Secretary Bessent, urging him to reevaluate his position within the Trump administration.

Nvidia Is About to Shock the World: July 23rd

Nvidia Is About to Shock the World: July 23rd - Ad

Jeff Brown, the tech legend who picked shares of Nvidia in 2016 before they jumped by more than 22,000%, is warning everyone to... Mark this date on your calendar: July 23rd! That's when Nvidia could help send shares of this Elon Musk supplier skyrocketing higher.

US Treasury secretary says trade war with China is not 'sustainable'

WASHINGTON (AP) — U.S. Treasury Secretary said in a Tuesday speech that the ongoing against China is unsustainable and expects a "de-escalation" in the trade war between the world's two largest economies.

Shiba Inu Burn Rate Skyrockets 2,094%: What Is Going On?

Shiba Inu (CRYPTO: SHIB) has seen a massive spike in burn activity and on-chain growth, fueling speculation of a

Gold Is Being Poured. the Market Hasn't Reacted.

Gold Is Being Poured. the Market Hasn't Reacted. - Ad

A test mining program just demonstrated that an experienced mining team has unlocked the value in a built mine atop a high-grade gold deposit. Ore's already been processed. But the stock is still trading like it's early stage. That won't last long.

Tesla, Palantir And Coinbase Are Among Top 11 Large-Cap Gainers Last Week (Apr 21-Apr 25): Are The Others In Your Portfolio?

These large-cap stocks had strong gains last week. Mobileye, ServiceNow, and Microchip saw the biggest jumps, while Tesla and Robinhood also rose.

60,000 Americans to lose their rental assistance and risk eviction unless Congress acts

Moments after Daniris Espinal walked into her new apartment in Brooklyn, she prayed. In ensuing nights, she would awaken and touch the walls for reassurance — finding in them a relief that turned to tears over her morning coffee.

Gold Is Breaking Records. This Stock Hasn't Moved Yet.

Gold Is Breaking Records. This Stock Hasn't Moved Yet. - Ad

With gold over $3,200, one near-term producer is still trading like a developer. But the mill is running, crews are working underground, and first production is months away.

Cathie Wood Bets Against Mark Zuckerberg's Meta Ahead Of Crucial Earnings Report, Loads Up On This Amazon Rival

Cathie Wood's Ark Invest shuffled its portfolio on Tuesday, April 29, 2025, selling Meta shares ahead of earnings while buying into AMD, Shopify, and several biotech names.

Take Investment Advice From Shaq — His Fortune Grew Thanks To Charles Barkley and Donuts

Former NBA player Shaquille O'Neal has seen a significant increase in his wealth, quadrupling his net worth through an investment strategy inspired by Amazon's CEO, Jeff Bezos.

This Intercept Stopped the Gold Sector Cold

This Intercept Stopped the Gold Sector Cold - Ad

114.26 g/t over 10.6m. That's not a typo. And it wasn't deep exploration-it was in an active mining zone.

SoFi Stock Is Up 11% This Week: What's Going On?

Shares of SoFi Technologies have surged 11% since Monday's open. The company on Tuesday announced a strategic expansion into alternative investments.

China's Chip Breakthrough Without ASML Makes Chamath Palihapitiya Take Stock Of Beijing's 'Formidable' Nature: 'America Can Win If…'

Former Intel executive William Huo highlights China's breakthrough in producing 5nm chips without EUV technology, sparking concerns from Chamath Palihapitiya that the U.S. risks losing its technological edge to China without urgent innovation.

The Cross-Chain Giant Set for 1,000%+ Gains

The Cross-Chain Giant Set for 1,000%+ Gains - Ad

This multi-chain protocol's volume is exploding while its price is still under the radar. Institutions are moving in fast-get our urgent report before retail wakes up.

Trump-Affiliated World Liberty Financial Defies Ethics Concerns, Raises $550 Million

WLFI, a Trump-run crypto venture, raised $550M from global investors but conflicts with Trump's presidency raise ethical concerns.

Musk defends his work as he prepares to wind down at DOGE but gives hazy answers on future

WASHINGTON (AP) — , preparing to step back from his work leading the , had a request of the reporters gathered at the White House to interview him: Before he would answer any questions, he wanted someone to tell him a joke.

You Can Take a Stake in Elon's xAI Before June 1st...

You Can Take a Stake in Elon's xAI Before June 1st... - Ad

Elon Musk's private AI firm xAI may have just leapfrogged ChatGPT and Google's Gemini--building what experts call the future of AI. For the first time, you can take a stake starting at $500.

Mark Zuckerberg Denies Tilt Towards Donald Trump, Says Big Tech Must Work With 'Whoever' Is In Power, Describes Last Decade As 'Painful Maturation Process'

Zuckerberg denies Silicon Valley bias towards Trump, says Meta wants productive relationship with any government.

Swiss leader says Trump administration foresees 'privileged' talks with 15 countries on US tariffs

GENEVA (AP) — The Swiss president says Switzerland is among 15 countries with which the United States plans to conduct “privileged” negotiations to help reach a deal in the wake of sweeping U.S. tariffs on dozens of countries that have shaken global markets.

The Most Important "AI Stock" You've Never Heard Of

The Most Important "AI Stock" You've Never Heard Of - Ad

The AI revolution is moving faster than anyone expected. But what no one is talking about is the one company AI simply can't exist without. It may be the single most important AI investment, yet most people don't even know its name. For now. The moment Wall Street catches on, this $20 stock could explode.

Hilton Grand Vacations Stock Climbs On Q1 Earnings, Company Takes Steps To Maintain 'Good Momentum' In Face Of 'Increased Uncertainty'

Hilton Grand Vacations Inc (NYSE:HGV) reported first-quarter financial results ahead of the market open on Thursday. Here's what you need to know from the print.

Rocket Lab Stock Is Shooting Higher Thursday: What's Fueling The Launch?

Rocket Lab USA Inc (NASDAQ:RKLB) shares are trading higher Thursday after the company announced it was selected by Kratos Defense & Security Solutions Inc (NASDAQ:KTOS) to provide a hypersonic test flight for the U.S. Department of Defense (DOD).

Biggest Dividend Payout in U.S. History: $1 Trillion up for Grabs!

Biggest Dividend Payout in U.S. History: $1 Trillion up for Grabs! - Ad

Trump just launched a $1 trillion National Investment Fund to replace income taxes and send direct payouts to Americans. You could claim up to $21,307--before the first public checks go out. This is historic. Act now to be first in line.

World Liberty's Stablecoin In $2 Billion Deal, SoFi Reintroduces Crypto And Riot Platforms' Q1 Results: This Week In Crypto

The weekend was a whirlwind of activity in the financial world, with a particular focus on cryptocurrencies. From Peter Schiff’s surprising preference for Dogecoin over Bitcoin to Riot Platforms’ Q1 results, there was no shortage of intriguing developments. Let’s dive into the top stories. Peter Schiff Prefers Dogecoin Over Bitcoin

Warren Buffett's Favorite 'Single Best Measure' For Equities Flashes Buying Signal As US Stocks Rebound

Warren Buffett's favored "Buffett Indicator" suggests U.S. equities may be undervalued, signaling a potential buy opportunity as stocks rebound.

Executive Order 14179 Could Change Social Security Forever

Executive Order 14179 Could Change Social Security Forever - Ad

President Trump's inner circle has a plan that could radically change how Social Security works. In fact, just days after taking office, President Trump signed Executive Order 14179 - giving his team new powers to permanently reset how many key federal agencies work. That reset is now ready to begin... and it's critical you start preparing your money immediately.

Buffett Dismisses Rumors Of Stockpiling Cash For Successor Greg Abel: 'I Wouldn't Do Anything Nearly So Noble Just So Greg Could Look Good'

Berkshire Hathaway chief Warren Buffett, has put to rest rumors that he is accumulating a substantial cash reserve for his successor, Greg Abel.Berkshire Hathaway Inc. (NYSE:BRK.A) chief Warren Buffett, has put to rest rumors that he is accumulating a substantial cash reserve for his success

Applied Digital (APLD) Secures $150M Preferred Equity Deal: What's Going On?

Applied Digital shares are trading higher by 14% during Thursday's session. The company announced it had entered into a Preferred Equity Purchase Agreement with select investors.

Elon Musk Drops Stunning Bombshell?

Elon Musk Drops Stunning Bombshell? - Ad

Behind closed doors, Musk revealed a game-changing breakthrough technology that could shake the tech world & crush major companies. Why is no one talking about it? Luckily, we had a man on the inside - watch now to see the details & how to profit!

Coinbase Challenges IRS Data Demands At US Supreme Court

Coinbase asked the U.S. Supreme Court to hear a case that could restrict the IRS's ability to monitor crypto transactions on exchanges and other platforms.

OpenAI reverses course and says its nonprofit will continue to control its business

After months spent pursuing a plan to convert itself into a for-profit business, OpenAI is reversing course and said Monday its nonprofit will continue to control the company that makes ChatGPT and other artificial intelligence products.

A New Gold Discovery in Red Lake?

A New Gold Discovery in Red Lake? - Ad

Two new gold anomalies just lit up the maps. They sit right beside a restart-ready mine-and follow the exact fold pattern that's made Red Lake world famous.

CEOs Say Container Trade Growth Increasingly Tracks Global GDP, But Tariff Risks Loom

CEOs say that container trade growth is increasingly tracking global GDP, signaling a stable market, but tariff risks loom.

Trump Demands Free Passage For US Ships Through Panama And Suez Canals, Assigns Marco Rubio To 'Take Care' Of The Situation

Trump demands free US access through Panama and Suez canals, but Panamanian President denies any agreement. Experts advise a lighter touch approach.

World Economic Forum: "Arguably the Most Exciting Human Discovery Since Fire"

World Economic Forum: "Arguably the Most Exciting Human Discovery Since Fire" - Ad

Sam Altman, Bill Gates, and Mark Zuckerberg are all investing vast sums of money into a radical technology. According to Bloomberg, this could become 10 times bigger than AI, quantum computing, electric vehicles, cryptocurrencies, and robotics combined. And one stock is at the center of it all.

Bitcoin Breaks $97,000: Could A 'Synthetic Halving' Power A Run To All-Time Highs?

Bitcoin (CRYPTO: BTC) has broken the $97,000 level in Thursday trading, and commentators predict an even more explosive move to the upside may be brewing.

Trending Now