Elan Corporation, plc (ELN) is Overbought, What's Next? - Tale of the Tape

By Zacks Equity Research,

Shutterstock photo

Investors have definitely seen some solid trading in Elan Corporation, plc (ELN) lately, leading to gains for some. However, ELN is now in overbought territory thanks to its latest move, as the firm has an RSI value of 82.9. Additionally, Elan Corporation, plc currently has a Zacks Rank #4 (Sell), so if the earnings estimate trend is any guide, a fall might be coming for this overbought stock.

ELAN CP PLC ADR (ELN): Free Stock Analysis Report

To read this article on Zacks.com click here.

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: ELN

More from Zacks.com




Follow on:

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by BankRate.com