Abaxis Inc. (ABAX) is Overbought, What's Next? - Tale of the Tape

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Although Abaxis Inc. (ABAX) is up over 6.0 % in the past four weeks, investors may be concerned. After all, ABAX is now in overbought territory, at least when looking at its RSI value of 71.5 . If that wasn't enough, investors should also note that Abaxis Inc. possesses a Zacks Rank #5 (Strong Sell) , so if analyst perception is any guide, we could witness a slump in ABAX shares before too long.



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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Investing Ideas , Stocks

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