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Claude Resources Inc. (USA) (CGR) Enters Overbought Territory - Tale of the Tape

By: Zacks.com
Posted: 8/26/2013 6:33:00 AM
Referenced Stocks: CGR;USA

Claude Resources Inc. (USA) ( CGR ) has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because CGR is now in overbought territory with an RSI value of 70.06. Furthermore, estimates for the Claude Resources 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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