Nvidia was one of the most overbought names on Wall Street this week as the artificial intelligence darling crossed the $3 trillion market cap threshold.
The RSI, which measures the magnitude and speed of price moves, is a popular metric used to evaluate whether shares are overbought or oversold.
On the other hand, names such as Nvidia with a 14-day RSI above 70 are thought of as overbought, indicating a possible selling opportunity.
Nvidia shares have climbed more than 8% this week alone, eclipsing the $3 trillion market cap mark to become the second-most valuable U.S. company, behind Microsoft .
Well-known stocks including T-Mobile , Walmart and Best Buy were also among the most overbought this week.
Persons:
Robert Half, FactSet
Organizations:
Nvidia, RSI, Microsoft, Nasdaq, Dow Jones, Costco, Mobile, Walmart, Epam Systems
Locations:
U.S