As of Oct. 29, 2025, two stocks in the energy 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.
Nabors Industries Ltd (NYSE: NBR )
On Oct. 28, Nabors Industries posted downbeat quarterly results. Anthony G. Petrello, Nabors Chairman, CEO and President, said, “The sale of Quail Tools is a transformative event for Nabors. We have already used a portion of the proceeds to reduce our gross debt by approximately $330 million. The balance of the proceeds is targeted for additional debt reduction. Once that is completed, the expected decrease to our gross debt will exceed 20%, compared to the level as of June 30, 2025. With that, our annual interest expense should decline by approximately $45 million, translating into a dollar-for-dollar improvement in adjusted free cash flow.” The company's stock gained around 15% over the past five days and has a 52-week high of $86.10. RSI Value: 73 NBR Price Action: Shares of Nabors Industries fell 0.2% to close at $47.17 on Tuesday. Edge Stock Ratings: 55.57 Momentum score with Value at 80.69.Teekay Corp Ltd (NYSE: TK )
Teekay Group will announce third quarter earnings results on Oct. 29. The company's stock gained around 13% over the past month and has a 52-week high of $9.47. RSI Value: 71.1 TK Price Action: Shares of Teekay gained 1.1% to close at $9.37 on Tuesday.Curious about other BZ Edge Rankings? Click here to discover how similar stocks measure up .
Read This Next:
Jim Cramer: This Stock’s ‘Hot As A Pistol,’ Sell Super Micro ComputerPhoto via Shutterstock
Loading... Loading... NBR Nabors Industries Ltd $51.01 8.14% Overview PAVS Paranovus Entertainment Technology Ltd $0.6290 -6.12% TK Teekay Corp Ltd $9.37 -% Market News and Data brought to you by Benzinga APIs© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Add CommentPosted In: News Short Ideas Pre-Market Outlook Markets Trading Ideas energy Expert Ideas Overbought stocks RSI