Moving Average Crossover: Great News for Resource Capital Corp. (RSO)? - Tale of the Tape

By Zacks Equity Research,

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Resource Capital Corp. (RSO) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front. Recently, the 50 Day Moving Average for RSO broke out below the 200 Day Simple Moving Average, suggesting short-term bearishness.

This has already started to take place, as the stock has moved lower by 3.9% in the past four weeks. Plus, the company currently has a Zacks Rank 4(Sell) meaning that now could definitely be the time to get out of this potentially in-trouble stock.

RESOURCE CAPITL (RSO): Free Stock Analysis Report

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Zacks Investment Research

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: RSO

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