Ellie Mae Inc. (ELLI) Enters Overbought Territory - Tale of the Tape
09 August 2013 - 4:57PM
Zacks
Ellie Mae Inc.
(ELLI) has moved higher as of late, but there could
definitely be trouble on the horizon for this company. That is
because ELLI is now in overbought territory with an RSI value of
74.37. Furthermore, estimates for the Ellie Mae Inc. 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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