Carpenter Technology (CRS) is Overbought, What's Next? - Tale of the Tape

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Although Carpenter Technology Corporation ( CRS ) is up over 10.8% in the past four weeks, investors may be concerned. After all, CRS is now in overbought territory, at least when looking at its RSI value of 73.9. If that wasn't enough, investors should also note that Carpenter Technology possesses a Zacks Rank #4 (Sell), so if analyst perception is any guide, we could witness a slump in CRS 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: CRS

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