Globus Medical (GMED) Enters Overbought Territory - Tale of the Tape

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Globus Medical Inc. ( GMED ) has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because GMED is now in overbought territory with an RSI value of 70.7. Furthermore, Globus Medical currently has a Zacks Rank #4 (Sell), suggesting that investors may want to consider exiting this stock now before it falls back to Earth.




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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: GMED

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