While the S & P 500 is on pace to close out this volatile trading month higher, some individual stocks may still be due for a pullback. On Friday, the final trading day in August, the S & P 500 and the Dow Jones Industrial Average are on pace for monthly gains of roughly 1%. This would mark the fourth consecutive winning month for both indexes, which overcame a sharp global sell-off on Aug. 5. Given this backdrop, CNBC Pro used its stock screener tool to search for Wall Street’s most overbought and oversold names based on their 14-day relative strength index, or RSI. Those with a 14-day RSI above 70 are considered overbought, signaling that shares may potentially move lower. On the other hand, a reading below 30 typically indicates that a stock is oversold, meaning a potential rebound may be ahead. Lockheed Martin made the screen as one of the most overbought stocks, having an RSI of about 82.3. Shares hit a new 52-week high on Friday, adding to what has been a positive week and month for the stock. Earlier this week, the U.S. Army awarded a $1.3 billion contract to the Javelin Joint Venture for missiles and associated equipment and services. Lockheed Martin and Raytheon — now known as RTX — are the parties behind the joint venture . Fellow defense stock Northrop Grumman also made the cut with an even higher RSI of 83.6. Along with Lockheed Martin, Northrop Grumman is considered one of the key defense names to play the trend in increased unmanned systems spending by the Department of Defense. However, Wall Street is split on both stocks. According to LSEG, 10 of the 24 analysts covering Northrop Grumman have issued a buy or strong buy rating, while 12 of them are neutral. Investors are just slightly more bullish on Lockheed Martin. Of the 24 analysts covering it, 12 have a buy or strong buy issued, while 11 have a hold rating, per LSEG. Other overbought stocks include insurer Aflac and utilities giant Edison International . CNBC Pro’s screen also found some names that have fallen sharply. Here are some of Wall Street’s most oversold stocks. Dollar General has the lowest RSI on the list at about 19.7. Shares plummeted more than 32% on Thursday alone after the retailer not only missed the Street’s earnings and revenue expectations for the second quarter, but also cut its full-year forecast. Shares of competitor Dollar Tree — which also made the oversold screen with an RSI of 21.3 — fell more than 10% in Thursday’s session in sympathy. For the week, Dollar Tree is down around 13%, while Dollar General is off roughly 30%. DG DLTR mountain 2024-08-26 Dollar General vs. Dollar Tree, week-to-date Other oversold names that made the cut are Moderna and Super Micro Computer .