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Consumer Discretionary Sector: Monitoring Stocks at Risk

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As of February 12, 2024, the consumer discretionary sector’s five stocks are raising a red flag for investors who favor momentum in their trading strategies.

The Relative Strength Index (RSI) is a crucial momentum indicator, comparing a stock’s strength on up days to down days. It provides traders with insight into a stock’s potential short-term performance. When the RSI surpasses 70, an asset is labeled as overbought, according to Benzinga Pro.

Here is the current lineup of major overbought players in this sector.

Aterian, Inc. ATER

  • On November 8, Aterian announced a reduced loss for the third quarter. The company’s stock surged approximately 93% over the past month and boasts a 52-week high of $1.3950 .
  • RSI Value: 82.51
  • ATER Price Action: Aterian’s shares climbed 18.7% to close at $0.4321 on Friday.


  • On February 8, AMMO reported a profit for the third quarter. Jared Smith, AMMO’s CEO expressed, “Despite the challenges we faced in calendar 2023 for our industry, Ammo Inc. continues to transition its business to a stronger and leaner operating model. We have emerged from this time with an impeccable balance sheet and remain encouraged about the significant opportunities we have before us here in the fourth quarter and going forward.” The company’s stock rose about 14% over the past five days and has a 52-week high of $3.15.
  • RSI Value: 76.51
  • POWW Price Action: AMMO’s shares gained 13.6% to close at $2.51 on Friday.

Harley-Davidson, Inc. HOG

  • On February 8, Harley-Davidson reported fourth-quarter fiscal 2023 HDMC + LiveWire sales of $807 million, falling short of the consensus of $880.22 million. Jochen Zeitz, Chairman, President, and CEO of Harley-Davidson commented, “We are excited by the early read of our new Model Year launch, the most comprehensive product development in the touring platform in well over 10 years, that will redefine the Harley-Davidson Grand American Touring experience for years to come and lay the foundation to drive retail sales growth in ’24.” The company’s stock increased by around 10% over the past five days and has a 52-week high of $49.39.
  • RSI Value: 73.05
  • HOG Price Action: Harley-Davidson’s shares rose by 5.6% to close at $36.85 on Friday.

Victoria’s Secret & Co. VSCO

  • On January 11, Victoria’s Secret and Google Cloud announced a strategic, multi-year partnership to leverage Google Cloud’s AI and generative Ai technologies to create more personalized and inclusive online shopping experiences for its global customers. The company’s stock soared by approximately 23% over the past month and has a 52-week high of $42.71.
  • RSI Value: 73.68
  • VSCO Price Action: Victoria’s Secret’s shares gained 4.6% to close at $29.22 on Friday.

Worthington Enterprises, Inc. WOR

  • On February 1, Worthington Enterprises acquired an 80% ownership stake in an affiliate of HALO Products Group. The company’s stock surged by about 15% over the past month and has a 52-week high of $63.87.
  • RSI Value: 76.42
  • WOR Price Action: Worthington Enterprises’ shares rose by 7.6% to close at $62.60 on Friday.


Read More: Alphabet, Visa And 2 Other Stocks Insiders Are Selling

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