As of May 6, 2026, two stocks in the information technology 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.

Maxlinear Inc (NASDAQ:MXL)

• On April 23, MaxLinear reported better-than-expected first-quarter financial results and issued second-quarter sales guidance above estimates. "Q1 marks the start of a multi‑year growth phase for MaxLinear, led by accelerating momentum in optical data center connectivity," said Kishore Seendripu, CEO of MaxLinear. "Revenue grew 43% year over year, with infrastructure growing more than 130% to become our largest end market. This was driven primarily by strong execution and production ramps of our optical data center products at multiple hyperscale customers across scale-up and scale-out AI platforms." The company's stock gained around 343% over the past month and has a 52-week high of $85.43.
• RSI Value: 88.8                                
• MXL Price Action: Shares of Maxlinear gained 4.6% to close at $81.68 on Tuesday.
• Edge Stock Ratings: 99.71 Momentum score.

Seagate Technology Holdings PLC (NASDAQ:STX)

• On April 29, Seagate reported better-than-expected third-quarter financial results and issued fourth-quarter guidance above estimates. "Seagate delivered outstanding March quarter results, exceeding the high end of our revenue and EPS guidance, achieving record margin performance, and generating close to $1 billion in free cash flow," said Dave Mosley, Seagate's chair and CEO. The company's stock gained around 70% over the past month and <a href=”https://www.benzinga.com/quote/STX”><em> has a 52-week high </em></a> of $792.01.
• RSI Value: 87.3
• STX Price Action: Shares of Seagate gained 4.4% to close at $771.01 on Tuesday.

Learn more about BZ Edge Rankings—click to see scores for other stocks in the sector and see how they compare.

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