As of June 23, 2026, two stocks in the communication services sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.

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, according to Benzinga Pro.

Here’s the latest list of major overbought players in this sector.

AMC Entertainment Holdings Inc (NYSE:AMC)

  • AMC recently completed a $150 million at-the-market equity offering, selling about 105.3 million shares, with management framing the proceeds as a way to strengthen cash, improve financial flexibility, and support goals like boosting adjusted EBITDA and reducing leverage. The company’s stock gained around 74% over the past month and has a 52-week high of $3.60.
  • RSI Value: 70.1                                
  • AMC Price Action: Shares of AMC fell 2.5% to close at $2.76 on Monday.

Madison Square Garden Entertainment Corp (NYSE:MSGE)

  • On May 28, Susquehanna analyst Joseph Stauff maintained Madison Square Garden with a Positive and raised the price target from $77 to $80. The company’s stock gained around 7% over the past month and has a 52-week high of $75.70.
  • RSI Value: 71.8
  • MSGE Price Action: Shares of Madison Square Garden Entertainment gained 2.6% to close at $75.32 on Monday.
  • Edge Stock Ratings: 90.72 Momentum score with Value at 17.71.

Curious about other BZ Edge Rankings? Click here to discover how similar stocks measure up.

Photo via Shutterstock