T
wo stocks in the real estate sector are flashing warning signs for investors who prioritize momentum in their trading decisions, as of October 31st, 2024. The Relative Strength Index (RSI) is a momentum indicator that compares a stock's gains to its losses, providing insight into short-term performance.

    According to Benzinga Pro, an asset is typically considered overbought when the RSI exceeds 70. Here are two major players in this sector that have reached this level:

    SL Green Realty Corp (SLG) reported a quarterly loss of 21 cents per share on October 16th, beating analyst estimates by 29 cents. The company's sales also exceeded expectations, with a 60% increase from the previous quarter. SLG's stock has gained 12% in the past month and reached a 52-week high of $79.92.

    RSI Value: 70.97

    SLG Price Action: Shares closed at $77.83 on Wednesday, up 0.3%.

    Digital Realty Trust Inc (DLR) reported better-than-expected third-quarter results on October 24th, including record leasing and increased FY24 guidance. The company's stock has gained 13% in the past month and reached a 52-week high of $193.88.

    RSI Value: 76.86

    DLR Price Action: Shares closed at $182.17 on Wednesday.