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Tale of the Tape

Zacks Equity Research

American Safety Insurance Holdings, Ltd. (ASI) Enters Overbought Territory
August 16, 2013

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American Safety Insurance Holdings, Ltd. has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because ASI is now in overbought territory with an RSI value of 82.82. Furthermore, estimates for the American Safety Insurance Holdings have been coming down, pushing it to a Zacks Rank #5 (Strong Sell). This suggests that investors may better off exiting this stock before it falls back to Earth.