Kaiser Aluminum Corporation

Kaiser Aluminum trades at an 18.5 P/E with an RSI of 74.4—deeply overbought territory that suggests momentum may be exhausted. The stock sits below its 52-week high despite the frothy technicals, creating a curious disconnect: either a pullback is overdue, or the market is pricing in sustained earnings strength in the aluminum sector. With a $2.8B market cap in a cyclical industry, the elevated valuation leaves little margin for disappointing shipment volumes or margin compression. The overbought reading combined with lagging price action implies near-term consolidation or retracement risk is material.