Is This the Top for Bitauto Holdings Ltd (BITA) - Tale of the Tape


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Bitauto Holdings Ltd ( BITA ) has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because BITA is now in overbought territory with an RSI value of 71.9. Furthermore, estimates for the Bitauto Holdings Ltd have been coming down, pushing it to Zacks Rank #5 (Strong Sell). This suggests that investors may better off exiting this stock before it falls back to Earth.

BITAUTO HOLDNGS (BITA): Free Stock Analysis Report

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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 Nasdaq, Inc.

This article appears in: Investing , Investing Ideas , Stocks

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