Investors started to broaden their holdings beyond big tech stocks into overlooked parts of the market this week — but some of these names may soon be due for a pullback, according to a popular market metric. A better-than-expected consumer price index report for June raised hopes that the Federal Reserve might soon turn to cutting its benchmark interest rate. That led investors to sell many of 2024’s megacap technology winners in favor of more rate-sensitive sectors, such as homebuilders and industrials, that stand to benefit from a lower-rate environment. The Dow Jones Industrial Average , which includes Home Depot and Caterpillar , rose to a record high on Friday. With this in mind, CNBC PRO used our stock screener to find stocks with a high 14-day relative strength index. An RSI above 70 can indicate overbought conditions for a stock, possibly signaling a near-term downturn. There were so many overbought stocks this week that we added an additional parameter: the shares also had to have risen more than 5% this week. Take a look at this week’s overbought names. Readers can also use the stock screener tool to make a more through review of the results. Pitssburgh-based regional bank PNC Financial is among the week’s most overbought names with an RSI of around 73. Shares surged 7.5% week to date, touching a new 52-week high on Friday, amid a broad rally broader in regional banks following Thursday’s CPI report. Year to date, the stock is up 9.1% versus the S & P 500’s 18% rise. The majority of analysts covering PNC rate it a buy or strong buy. But the bank is already trading within 1% of the consensus price target, implying little scope for upside. PNC YTD mountain PNC in 2024 Several real estate investment trusts (REITs) are also at risk of a slide following this week’s rally. American Tower , Alexandria Real Estate Equities and BXP are this week’s three most overbought stocks. Shares of American Tower and Alexandria Real Estate Equities gained 5.9% and 6.9%, while BXP climbed more than 8%. Even though potential rate cuts have made investors more optimistic on the rate-sensitive REIT sector, analysts remain skeptical on BXP. More than three-quarters of analysts covering the company have a hold rating, and the average price target is less than 2% above the current share price. American Tower shares are still down about 2% for the year. Alexandria Real Estate Equities shares are ahead less than 1% in 2024. Still, all but one analyst covering the stock rates it a buy or strong buy. Glass manufacturer Corning surged more than 17% this week after raising its second-quarter guidance. The company is another beneficiary of the AI boom — management said demand for its optical connectivity products, which help run networks for generative AI programs, was powering its outperformance. However, with a 14-day RSI reading of around 79, the stock might soon be vulnerable to a correction. Year to date, Corning has soared more than 50%. GLW 5D mountain Corning shares in the last five days