Rubicon Technology, Inc. (RBCN) has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because RBCN is now in overbought territory with an RSI value of 76.27. Furthermore, estimates for the Rubicon Technology 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.