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Tale of the Tape

Zacks Equity Research

Canadian Imperial Bank of Commerce (USA) (CM) Enters Overbought Territory
August 30, 2013

CM

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Canadian Imperial Bank of Commerce (USA) (CM - Snapshot Report) has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because CM is now in overbought territory with an RSI value of 71.61. Furthermore, estimates for the Canadian Imperial Bank of Commerce 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.