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Commercial Metals Company (CMC) Enters Overbought Territory - Tale of the Tape

Posted: 8/13/2013 3:55:00 AM
Referenced Stocks: CMC

Commercial Metals Company ( CMC ) has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because CMC is now in overbought territory with an RSI value of 70.59. Furthermore, estimates for the Commercial Metals Company 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.

COMMERCIAL METL (CMC): Free Stock Analysis Report

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