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The most overbought stocks in the financial 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.

Heres the latest list of major overbought players in this sector.Oportun Financial Corporation OPRT Oportun Financial posted a wider-than-expected Q1 loss. "Our first quarter results reflect the continuation of our successful efforts to fortify our business economics, streamline operations and grow member engagement", said Raul Vazquez, CEO of Oportun. The companys stock has a 52-week high of $12.79 . RSI Value: 73.21 OPRT Price Action: Shares of Oportun Financial rose 7.5% to close at $4.32 on Monday. Lemonade, Inc. LMND Lemonade posted better-than-expected quarterly results. The companys stock has a 52-week high of $32.97. RSI Value: 75.32 LMND Price Action: Shares of Lemonade rose 11.1% to close at $16.26 on Monday. AMERISAFE, Inc. AMSF AMERISAFE posted upbeat quarterly results. G. Janelle Frost, President and Chief Executive Officer commented, "AMERISAFEs first quarter results reflect the companys disciplined approach to risk selection and adequate pricing within the high-hazard workers compensation market." The company has a 52-week high of $60.49. RSI Value: 74.15 AMSF Price Action: Shares of AMERISAFE fell 0.6% to close at $56.22 on Monday. Cantaloupe, Inc. CTLP Cantaloupe reported better-than-expected Q3 EPS and sales results. "We experienced strong financial results in Q3, with record revenue in transaction fees and subscription fees, which demonstrates progress on our strategic initiatives and the adoption of our new products," said Ravi Venkatesan, chief executive officer, Cantaloupe. The companys 52-week high is $7.05. RSI Value: 76.43 CTLP Price Action: Shares of Cantaloupe fell 0.5% to close at $6.71 on Monday. Arthur J. Gallagher & Co. AJG Arthur J. Gallagher & Co. reported the acquisition of Woodland Hills, California-based Leavitt Insurance Services of Los Angeles. The company has a 52-week high of $215.71. RSI Value: 70.01 AJG Price Action: Shares of Arthur J. Gallagher rose 0.7% to settle at $215.32 on Monday.

Read More: Investor Optimism Improves Ahead Of Inflation Data

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Sports

Sovereignty rallies to win Jim Dandy at Saratoga

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Sovereignty rallies to win Jim Dandy at Saratoga

SARATOGA SPRINGS, N.Y. — Kentucky Derby and Belmont Stakes champion Sovereignty rallied after losing position heading into the final turn to win the $500,000 Jim Dandy by a length at Saratoga on Saturday.

Ridden by Junior Alvarado, Sovereignty ran nine furlongs in 1:49.52 and paid $3 to win as the 1-2 favorite against four rivals, the smallest field of his career.

Hall of Fame trainer Bill Mott said Sovereignty would be pointed toward the $1.25 million Travers on Aug. 23 at the upstate New York track.

Approaching the turn, there were a few tense moments as it appeared Sovereignty was retreating when losing position to the advancing Baeza and deep closers Sandman and Hill Road, leaving Sovereignty in last for a few strides.

Alvarado said he never had a doubt that Sovereignty would come up with his expected run.

“It was everybody else moving and at that time I was just like, ‘Alright let me now kind of start picking it up,'” Alvarado said. “I had 100% confidence. I knew what I had underneath me.”

Baeza, third to Sovereignty in both the Derby and Belmont, finished second. Hill Road was another 9¼ lengths back in third. Mo Plex was fourth and Sandman fifth.

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UK

Man suffers cardiac arrest onboard boat trying to reach UK

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Man suffers cardiac arrest onboard boat trying to reach UK

A man has died after suffering cardiac arrest onboard a boat attempting to reach the UK.

The vessel turned back towards Equihen beach on the French coast yesterday morning.

A nurse tried to resuscitate the man but was unsuccessful.

Pic: PA
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Pic: PA

French authorities have now launched an investigation into the circumstances.

A spokesperson for Doctors Without Borders, also known as MSF, has criticised authorities on both sides of the Channel.

Jacob Burns said: “Yet again we have a tragedy in the Channel, that is the consequence of the deadly, costly and ineffective security policies implemented by the UK and France.”

Pic: PA
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Pic: PA

Later on Saturday, a lifeboat carried migrants who have made the voyage into the Port of Dover.

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Photographs showed them huddled under blankets and orange life jackets on board.

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11 stabbed at US supermarket

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Protesters clash over asylum hotels

Provisional statistics from the Home Office suggest almost 24,000 people have arrived on small boats in the UK so far this year.

Towns and cities across the UK have seen protests in recent days, primarily outside hotels believed to be housing asylum seekers.

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US

Michigan: 11 people stabbed in US supermarket – with six in critical condition

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Michigan: 11 people stabbed in US supermarket - with six in critical condition

At least 11 people have been stabbed at a Walmart supermarket in Michigan, with six in a critical condition.

Officials say a suspect is in custody – and at this stage, it is believed the attack was a “random act” that involved a folding-style knife near the checkout area.

Sheriff Michael Shea told reporters: “Eleven is 11 too many, but thank God it wasn’t more.”

Pic: AP
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Pic: AP

The suspect, who is from Michigan, is not known to police – and was captured within three minutes thanks to “citizen involvement”.

The attack unfolded in Traverse City – and Tiffany DeFell, who was in the car park at the time, described scenes of chaos.

“It was really scary. Me and my sister were just freaking out,” she said. “This is something you see out of the movies.”

Beyond the six people in a critical condition, it is believed the remaining five were seriously hurt. All 11 are still being treated in hospital.

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Pic: AP
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Pic: AP

Michigan Governor Gretchen Whitmer said: “Our thoughts are with the victims and the community reeling from this brutal act of violence.”

A Walmart spokesperson added that the retailer is working closely with law enforcement.

“Violence like this is unacceptable. Our thoughts are with those who were injured and we’re thankful for the swift action of first responders,” a statement said.

Pic: AP
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Pic: AP

At this stage, the ages of the victims is unclear – but it is not thought any of the victims were Walmart employees.

Traverse City is about 255 miles northwest of Detroit.

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