As of July 2, 2026, three stocks in the information technology 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.
Qualys Inc (NASDAQ:QLYS)
- On June 30, JP Morgan analyst Brian Essex upgraded Qualys from Underweight to Neutral and raised the price target from $87 to $139. The company’s stock gained around 25% over the past five days and has a 52-week high of $155.03.
- RSI Value: 83.9
- QLYS Price Action: Shares of Qualys gained 4.3% to close at $143.44 on Wednesday.
- Edge Stock Ratings: 78.40 Momentum score with Value at 48.16.
A10 Networks Inc (NYSE:ATEN)
- On June 22, BTIG analyst Gray Powell maintained A10 Networks with a Buy and raised the price target from $30 to $37. The company’s stock gained around 16% over the past month and has a 52-week high of $38.39.
- RSI Value: 83.6
- ATEN Price Action: Shares of A10 Networks gained 1.7% to close at $38.00 on Wednesday.
Palo Alto Networks Inc (NASDAQ:PANW)
- On July 1, BTIG analyst Gray Powell maintained Palo Alto with a Buy and raised the price target from $333 to $380, while Wells Fargo analyst Michael Turrin maintained the stock with an Overweight rating and raised the price target from $325 to $420. The company’s stock gained around 22% over the past five days and has a 52-week high of $358.10.
- RSI Value: 82
- PANW Price Action: Shares of Palo Alto rose 3.2% to close at $352.04 on Wednesday.
Learn more about BZ Edge Rankings—click to see scores for other stocks in the sector and see how they compare.
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