Top 2 Utilities Stocks That May Plunge In April

As of April 24, 2026, two stocks in the utilities 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.

Oklo Inc (NYSE:OKLO)

• On April 23, Oklo announced an agreement with NVIDIA and Los Alamos National Laboratory to advance critical nuclear infrastructure, AI-enabled research and nuclear fuel R&D at Los Alamos. "This agreement brings together reactor deployment, high-performance compute, and world-class fuel and materials science expertise." said Oklo co-founder and CEO Jacob DeWitte. "We believe this will advance our plutonium-bearing fuel work on Oklo's Pluto reactor, which was selected under DOE's Reactor Pilot Program, and help bring resilient power in support of the Genesis Mission." The company's stock gained around 17% over the past month and has a 52-week high of $193.84.
• RSI Value: 70.7                                
• OKLO Price Action: Shares of Oklo gained 5.6% to close at $76.46 on Thursday.
• Edge Stock Ratings: 90.66 Momentum score.

American States Water Co (NYSE:AWR)

• American States Water said it will release its first quarter financial results after the closing bell on Wednesday, May 6. The company's stock gained around 10% over the past month and has a 52-week high of $82.94.
• RSI Value: 70.3
• AWR Price Action: Shares of American States Water gained 3.1% to close at $80.80 on Thursday.

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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