U.S. Stocks Reach Most Overbought Level in 22 Years: Chart
(Bloomberg) -- U.S. stocks rose to another record last week, and in the process reached their most overbought level in more than two decades, according to the relative-strength index. The technical indicator of market momentum signals an increased potential for a pullback when it rises above 70. The S&P 500 closed Friday with an RSI level just below 82.
©2017 Bloomberg L.P.