Synalloy (SYNL) Enters Overbought Territory - Tale of the Tape

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Although Synalloy Corporation ( SYNL ) is up over 13.9% in the past four weeks, investors may be concerned. After all, SYNL is now in overbought territory, at least when looking at its RSI value of 70.9. If that wasn't enough, investors should also note that Synalloy possesses a Zacks Rank #5 (Strong Sell), so if analyst perception is any guide, we could witness a slump in SYNL 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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