Back to Main

Is This the Top for Braskem SA (BAK) - Tale of the Tape

Posted: 10/17/2013 4:06:00 AM
Referenced Stocks: BAK

Braskem SA ( BAK ) has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because BAK is now in overbought territory with an RSI value of 70.2. Furthermore, estimates for the Jos. A. Braskem SA 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.

BRASKEM SA (BAK): Free Stock Analysis Report

To read this article on click here.

Zacks Investment Research