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Tale of the Tape

Zacks Equity Research

Commercial Metals Company (CMC) Enters Overbought Territory
August 13, 2013


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Commercial Metals Company (CMC - Snapshot Report) 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.