Nabors Industries and Teekay Corp at Risk of Implode Amidst Overbought Status and Downbeat Earnings

Two energy stocks, Nabors Industries Ltd (NBR) and Teekay Corp Ltd (TK), are overbought with RSI values of 73 and 71.1 respectively. Nabors Industries posted downbeat quarterly results, while Teekay Corp Ltd will announce third quarter earnings results on October 29. Both stocks have gained around 13% over the past month and have a 52-week high of $86.10 and $9.47 respectively.