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Tale of the Tape

Zacks Equity Research

Novadaq Technologies Inc. (NVDQ) Enters Overbought Territory
September 04, 2013


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Novadaq Technologies Inc. (NVDQ - Snapshot Report) has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because NVDQ is now in overbought territory with an RSI value of 71.79. Furthermore, estimates for the Novadaq Technologies 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.