BHP Billiton plc (BBL) Enters Overbought Territory - Tale of the Tape

By Zacks Equity Research,

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BHP Billiton plc ( BBL ) has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because BBL is now in overbought territory with an RSI value of 70.76. Furthermore, estimates for the BHP Billiton have been coming down, pushing it to a Zacks Rank #4 (Sell). This suggests that investors may better off exiting this stock before it falls back to Earth.

BILLITON ADR (BBL): Free Stock Analysis Report

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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 Nasdaq, Inc.

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

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