As of Aug. 5, 2026, three 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.Here’s the latest list of major overbought players in this sector.Snap Inc (NYSE:SNAP)Stagwell Inc (NASDAQ:STGW)EchoStar Corp (NASDAQ:ECHO)
On Aug. 3, EchoStar posted second-quarter adjusted EPS of 14 cents. The company’s stock gained around 6% over the past five days and has a 52-week high of $104.74.
RSI Value: 76.5
ECHO Price Action: Shares of EchoStar gained 7% to close at $91.60 on Tuesday.
