Is This the Top for Braskem SA (BAK) - Tale of the Tape

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Braskem SA ( BAK ) has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because BAK is now in overbought territory with an RSI value of 70.2. Furthermore, estimates for the Jos. A. Braskem SA 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.



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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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