Can Veracyte (VCYT) Continue to Rise? - Tale of the Tape

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Although Veracyte Inc. ( VCYT ) is up over 16.7% in the past four weeks, investors may be concerned. After all, VCYT is now in overbought territory, at least when looking at its RSI value of 70.9. If that wasn't enough, investors should also note that Veracyte possesses a Zacks Rank #4 (Sell), so if analyst perception is any guide, we could witness a slump in VCYT 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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