American Safety Insurance Holdings, Ltd. (ASI) Enters Overbought Territory - Tale of the Tape

By Zacks Equity Research,

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American Safety Insurance Holdings, Ltd. ( ASI ) has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because ASI is now in overbought territory with an RSI value of 79.99. Furthermore, estimates for the American Safety Insurance have been coming down, pushing it to a Zacks Rank #5 (Strong Sell). This suggests that investors may better off exiting this stock before it falls back to Earth.

AMER SAFETY INS (ASI): Free Stock Analysis Report

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Zacks Investment Research

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

This article appears in: Investing , Investing Ideas , Stocks
Referenced Stocks: ASI

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