The most overbought stocks in the industrials sector presents an opportunity to go short on these overvalued companies.

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.

Here's the latest list of major overbought players in this sector.

Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD)

• JP Morgan recently downgraded Aerojet Rocketdyne from Overweight to Neutral and raised the price target from $54 to $58. The company's stock has a 52-week high of $56.19 .
• RSI Value: 72.49
• AJRD Price Action: Shares of Aerojet Rocketdyne gained 0.1% to settle at $55.80 on Friday and lost 0.5% in after-hours trading.

Altra Industrial Motion Corp. (NASDAQ:AIMC)

• BMO Capital recently downgraded Altra Industrial Motion from Outperform to Market Perform and raised the price target from $50 to $62.. The company's stock has a 52-week high of $60.44.
• RSI Value: 72.70
• AIMC Price Action: Shares of Altra Industrial Motion dropped 0.1% to close at $59.61 on Friday.

Performant Financial Corporation (NASDAQ:PFMT)

• Lake Street recently assumed Performant Finl with a Buy rating and announced a price target of $8. The company has a 52-week high of $3.41.
• RSI Value: 75.27
• PFMT Price Action: Shares of Performant Financial rose 4.3% to close at $3.15 on Friday.

Read more: Investor Fear Eases After US Stocks Record Gains

Team, Inc. (NYSE:TISI)

• Team's board appointed Keith Tucker as Chief Executive Officer effective as of November 22. The company's 52-week high is $30.70.
• RSI Value: 90.77
• TISI Price Action: Shares of Team rose 0.5% to close at $5.66 on Friday and lost 2.8% in after-hours trading.

ATIF Holdings Limited (NASDAQ:ATIF)

• ATIF Holdings, during October, announced the formation of ATIF Business Management LLC. The company has a 52-week high of $4.61.
• RSI Value: 74.17
• ATIF Price Action: Shares of ATIF Holdings gained 7.6% to settle at $2.27 on Friday.