The S & P 500 lost more than 1% for the week, snapping a five-week winning streak. A stock is considered overbought if its 14-day RSI goes above 70, signaling investors should consider easing their exposure. A 14-day RSI under 30, however, signals that a stock is oversold, meaning there may be a buying opportunity. Here's a look at the most overbought stocks in the S & P 500. Johnson & Johnson is the most overbought stock in the index with 14-day RSI of nearly 92.

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Persons: Johnson, Morgan Stanley's Terence Flynn, aren't, — CNBC's Michael Bloom Organizations: Airlines Delta, Royal, Akamai Technologies, Enphase Energy, SolarEdge Technologies Locations: U.S, Southwest, Royal Caribbean, DAL