Matador Resources (MTDR) Enters Overbought Territory - Tale of the Tape

By Zacks Equity Research,

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Matador Resources Co ( MTDR ) has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because MTDR is now in overbought territory with an RSI value of 70.1. Furthermore, Matador Resources currently has a Zacks Rank #4 (Sell), suggesting that investors may want to consider exiting this stock now before it falls back to Earth.

MATADOR RESOURC (MTDR): 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
Referenced Stocks: MTDR

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