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The following is a list of overbought stocks, based on the Relative Strength, or RSI(14), indicator. All of the stocks mentioned below have RSI(14) values above 70, which usually signal overbought conditions.

In addition, all of these stocks have seen worsening analyst sentiment over the last three months.

Analyst ratings are presented on a linear scale, where 1 = "Strong Buy" and 5 = "Strong Sell". All of the stocks in our list have seen their ratings move closer to 5 over the last three months, i.e. worsening analyst sentiment.

Analysts don't think the upward momentum of these stocks will continue. What do you think? Full details below.

Analyst rating changes sourced from Reuters, RSI(14) values sourced from Finviz.

Interactive Chart: Press Play to see how market caps have changed for all the stocks mentioned below.

The list has been sorted by change in analyst ratings over the last three months.

1. Keithley Instruments Inc. (KEI): Scientific & Technical Instruments Industry. Market cap of $340.06M. RSI(14) at 84.97. Analyst rating has changed from 1 to 3 over the last three months. Short float at 2.98%, which implies a short ratio of 1.22 days. The stock has gained 541.37% over the last year.

2. Clarient, Inc. (CLRT): Medical Laboratories & Research Industry. Market cap of $440.84M. RSI(14) at 81.12. Analyst rating has changed from 1.22 to 2.56 over the last three months. Short float at 6.44%, which implies a short ratio of 2.11 days. The stock has gained 111.49% over the last year.

3. Great Lakes Dredge & Dock Corporation (GLDD): Heavy Construction Industry. Market cap of $419.85M. RSI(14) at 70.46. Analyst rating has changed from 1.4 to 1.8 over the last three months. Short float at 3.7%, which implies a short ratio of 3.34 days. The stock has gained 5.3% over the last year.

4. optionsXpress Holdings, Inc. (OXPS): Investment Brokerage Industry. Market cap of $1.01B. RSI(14) at 71.35. Analyst rating has changed from 2.78 to 3.2 over the last three months. Short float at 4.75%, which implies a short ratio of 8.42 days. The stock has gained 7.69% over the last year.

5. SM Energy Company (SM): Independent Oil & Gas Industry. Market cap of $3.09B. RSI(14) at 73.43. Analyst rating has changed from 1.94 to 2.19 over the last three months. Short float at 5.84%, which implies a short ratio of 4.36 days. The stock has gained 49.62% over the last year.

6. Jazz Pharmaceuticals, Inc. (JAZZ): Biotechnology Industry. Market cap of $589.64M. RSI(14) at 80. Analyst rating has changed from 2 to 2.25 over the last three months. Short float at 5.92%, which implies a short ratio of 2.21 days. The stock has gained 124.11% over the last year.

7. Group 1 Automotive Inc. (GPI): Auto Dealerships Industry. Market cap of $901.74M. RSI(14) at 70.72. Analyst rating has changed from 1.9 to 2.1 over the last three months. Short float at 22.98%, which implies a short ratio of 12.39 days. The stock has gained 43.88% over the last year.

8. Dick's Sporting Goods Inc. (DKS): Sporting Goods Stores Industry. Market cap of $3.47B. RSI(14) at 71.49. Analyst rating has changed from 1.93 to 2.12 over the last three months. Short float at 10.3%, which implies a short ratio of 7.85 days. The stock has gained 24.77% over the last year.

Disclosure: No positions

Source: Short Ideas: 8 Overbought Stocks With Worsening Analyst Sentiment