Top 3 Tech And Telecom Stocks You May Want To Dump In August

by | Aug 20, 2026 | General

As of Aug. 20, 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.

Imax Corp (NYSE:IMAX)

  • On July 23, Imax reported better-than-expected second-quarter financial results. “As we enter the second half of 2026, Christopher Nolan’s breathtaking The Odyssey — the first-ever full-length theatrical release filmed entirely with IMAX film cameras — is emerging as a transformational event for IMAX, as the purest and most complete expression yet of the power of our global platform,” said Rich Gelfond, CEO of IMAX. The company’s stock gained around 39% over the past month and has a 52-week high of $54.28.
  • RSI Value: 72.3                                
  • IMAX Price Action: Shares of Imax rose 6.3% to close at $53.71 on Wednesday.
  • Edge Stock Ratings: 95.38 Momentum score with Value at 26.32.

Paramount Skydance Corp (NASDAQ:PSKY)

  • Paramount Skydance recently asked a federal judge to require California Attorney General Rob Bonta and 11 other state attorneys general challenging its Warner Bros. Discovery (NASDAQ:WBD) deal to post a $1.88 billion bond. The company’s stock gained around 24% over the past month and has a 52-week high of $20.86.
  • RSI Value: 75.9
  • PSKY Price Action: Shares of Paramount Skydance gained 1.6% to close at $10.60 on Wednesday.

NIQ Global Intelligence PLC (NYSE:NIQ)

  • On Aug. 10, NIQ Global Intelligence reported better-than-expected second-quarter financial results and issued third-quarter sales guidance with its midpoint above estimates. “Our second quarter results underscore the strength of NIQ’s mission-critical role with global retailers and manufacturers, as we delivered our fifth consecutive quarterly beat since becoming a public company”, said Jim Peck, Executive Chairman and Chief Executive Officer. The company’s stock gained around 70% over the past month and has a 52-week high of $18.70.
  • RSI Value: 89.6
  • NIQ Price Action: Shares of NIQ Global Intelligence gained 5.7% to close at $18.31 on Wednesday.

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

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