Chatham Lodging Trust (CLDT) Enters Overbought Territory - Tale of the Tape

By Zacks Equity Research,

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Chatham Lodging Trust ( CLDT ) has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because CLDT is now in overbought territory with an RSI value of 71.16. Furthermore, estimates for the Chatham Lodging Trust 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.

CHATHAM LODGING (CLDT): 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: CLDT

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