Plexus Corp

At an RSI of 75.4, PLXS is operating in deeply overbought territory, yet the stock sits just below its 52-week high—suggesting momentum remains intact despite extreme technical readings. The 40.1 P/E is elevated relative to the broader tech sector and doesn't appear to offer margin of safety for mean reversion traders. The 6.5% short interest is moderate, limiting immediate squeeze potential. For a specialized PCB/EMS player, this valuation implies the market is pricing in sustained demand growth and margin expansion. The disconnect between overbought technicals and persistent bullish positioning creates tension—either the fundamentals justify these levels or a correction looms when sentiment shifts.