6 Overbought Stocks Reporting Earnings on July 29

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 |  Includes: ACAP, EML, HEP, HTHT, LINEQ, TLCR
by: Kapitall

The following is a list of stocks with Relative Strength Indicators above 70, i.e. RSI(14) > 70, which may signal overbought conditions. All of these companies are set to report earnings on July 29. Will upcoming earnings results provide a shorting opportunity?

Here is an interactive chart of analyst ratings on all the stocks mentioned in this screen. More detailed analysis follows below.

(Right click for expanded image)


For this list, we'll focus on market cap, RSI(14), and short float. The list has been sorted from the highest RSI(14) indicator to the lowest.

1. American Physicians Capital, Inc. (ACAP): Property & Casualty Insurance Industry. Market cap of $392M. RSI(14) indicator at 80.59. Short float currently at 3.53%, which implies a short ratio of 2.26 days.

2. Talecris Biotherapeutics Holdings Corp. (NASDAQ:TLCR): Biotechnology Industry. Market cap of $2.68B. RSI(14) indicator at 76.98. Short float currently at 2.41%, which implies a short ratio of 1.58 days.

3. China Lodging Group, Limited (NASDAQ:HTHT): Lodging Industry. Market cap of $966M. RSI(14) indicator at 76.51. Short float currently at 1.83%, which implies a short ratio of 8 days.

4. Holly Energy Partners L.P (NYSE:HEP): Oil & Gas Pipelines Industry. Market cap of $1.04B. RSI(14) indicator at 74.97. Short float currently at 0.53%, which implies a short ratio of 0.77 days.

5. Linn Energy, LLC (LINE): Independent Oil & Gas Industry. Market cap of $4.39B. RSI(14) indicator at 71.23. Short float currently at 0.68%, which implies a short ratio of 0.71 days.

6. Eastern Co. (NYSEMKT:EML): Small Tools & Accessories Industry. Market cap of $91.05M. RSI(14) indicator at 70.55. Short float currently at 1.51%, which implies a short ratio of 3.55 days.


Disclosure: No positions