As of Jan. 12, 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.
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.
Scholastic Corp (NASDAQ:SCHL)
- On Jan. 5, Scholastic named Jeffrey Mathews as president of Scholastic Education, adding to current role as chief growth officer. The company’s stock gained around 15% over the past month and has a 52-week high of $33.46.
- RSI Value: 74.5
- SCHL Price Action: Shares of Scholastic gained 2.7% to close at $33.44 on Friday.
- Edge Stock Ratings: 92.14 Momentum score with Value at 49.04.
Iridium Communications Inc (NASDAQ:IRDM)
- On Dec. 4, Iridium appointed Louis Alterman to its board of directors. The company’s stock gained around 8% over the past five days and has a 52-week high of $34.45.
- RSI Value: 70.1
- IRDM Price Action: Shares of Iridium Communications rose 4.3% to close at $19.34 on Friday.
Sphere Entertainment Co (NYSE:SPHR)
- On Jan. 9, Seaport Global analyst David Joyce upgraded Sphere Entertainment from Neutral to Buy and announced a $106 price target. The company’s stock gained around 6% over the past month and has a 52-week high of $97.20.
- RSI Value: 70.2
- SPHR Price Action: Shares of Sphere Entertainment gained 4.3% to close at $95.26 on Friday.
Curious about other BZ Edge Rankings? Click here to discover how similar stocks measure up.
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