As of Aug. 24, 2026, three stocks in the consumer staples 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.
Target Corp (NYSE:TGT)
On Aug. 19, Target reported better-than-expected second-quarter financial results and raised its FY26 EPS and sales guidance above estimates. “Second quarter results build on the encouraging momentum we saw in the first quarter, giving us increasing confidence that our strategy is resonating with our guests and strengthening our leadership position in style, design, and value,” said Michael Fiddelke, chief executive officer of Target. The company’s stock gained around 21% over the past month and has a 52-week high of $165.48.
