As of May 5, 2026, two stocks in the industrials 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.

MYR Group Inc (NASDAQ:MYRG)

  • On April 29, MYR Group reported better-than-expected first-quarter financial results. Rick Swartz, MYR’s President and CEO, said, “We started the year with strong momentum, delivering year-over-year increases in revenue and gross profit, along with record quarterly net income, EBITDA, and backlog. By deepening relationships with strategic customers and continuing to invest in expanding our geographic footprint and market reach, we are creating meaningful long-term growth opportunities and strengthening our competitive position. We believe our solid financial performance, disciplined execution, and favorable market outlook position us well to sustain this momentum through the remainder of 2026.” The company's stock gained around 59% over the past month and has a 52-week high of $461.77.
  • RSI Value: 88.2                                
  • MYRG Price Action: Shares of MYR Group gained 5.3% to close at $456.60 on Monday.
  • Edge Stock Ratings: 97.31 Momentum score with Value at 38.57.

Quanta Services Inc (NYSE:PWR)

  • On April 30, Quanta Services reported better-than-expected first-quarter financial results and raised its FY26 guidance above estimates. “Quanta delivered an exceptional first quarter, reflected by strong double-digit growth in revenue, adjusted EBITDA and adjusted earnings per share, along with record backlog of $48.5 billion. In particular, revenue growth and margin performance exceeded our expectations across both segments, demonstrating the power of our differentiated, solutions-based operating model and the execution certainty our craft-skilled workforce delivers for our customers every day,” said Duke Austin, President and Chief Executive Officer of Quanta Services. The company's stock gained around 37% over the past month and has a 52-week high of $763.11.
  • RSI Value: 86.3
  • PWR Price Action: Shares of Quanta Services gained 2% to close at $757.34 on Monday.

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