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As of June 9, 2026, two stocks in the consumer discretionary 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.

Designer Brands Inc (NYSE:DBI)

• On June 1, UBS analyst Jay Sole maintained Designer Brands with a Neutral and raised the price target from $6 to $8. The company's stock gained around 35% over the past month and has a 52-week high of $9.17.
• RSI Value: 77.5                                
• DBI Price Action: Shares of Designer Brands gained 5.2% to close at $8.88 on Monday.
• Edge Stock Ratings: 95.90 Momentum score with Value at 64.10.

Movado Group Inc (NYSE:MOV)

• On May 27, Movado Group reported better-than-expected first-quarter financial results and raised its quarterly dividend. Efraim Grinberg, Chairman and Chief Executive Officer said, “We are pleased with our start to the year, accelerating the momentum from year-end and delivering a strong first quarter. We increased net sales by 8%, expanded gross margin by 320 basis points, and delivered earnings per share of $0.30 compared to $0.06 in the prior year — while also making meaningful progress on our strategic initiatives.” The company's stock gained around 37% over the past month and has a 52-week high of $38.77.
• RSI Value: 76.2
• MOV Price Action: Shares of Movado gained 1.3% to close at $37.73 on Monday.

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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