Investors have definitely seen some solid trading in Canadian Imperial Bank of Commerce (CM) lately, leading to gains for some. However, CM is now in overbought territory thanks to its latest move, as the firm has an RSI value of 74.9. Additionally, Canadian Imperial Bank of Commerce currently has a Zacks Rank #4 (Sell), so if the earnings estimate trend is any guide, a fall might be coming for this overbought stock.
CDN IMPL BK (CM): Free Stock Analysis Report
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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 Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
