Acacia Research (ACTG) is Overbought, What's Next? - Tale of the Tape

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Although Acacia Research Corp ( ACTG ) is up over 15.8% in the past four weeks, investors may be concerned. After all, ACTG is now in overbought territory, at least when looking at its RSI value of 70.5. If that wasn't enough, investors should also note that Acacia Research possesses a Zacks Rank #5 (Strong Sell), so if analyst perception is any guide, we could witness a slump in ACTG 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

Referenced Stocks: ACTG

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