HDFC Bank (HDB) Enters Overbought Territory - Tale of the Tape

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Although HDFC Bank Limited ( HDB ) is up over 15.5% in the past four weeks, investors may be concerned. After all, HDB is now in overbought territory, at least when looking at its RSI value of 72.5. If that wasn't enough, investors should also note that HDFC Bank possesses a Zacks Rank #4 (Sell), so if analyst perception is any guide, we could witness a slump in HDB 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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