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Tale of the Tape

Zacks Equity Research

Chunghwa Telecom Co., Ltd (CHT) Enters Overbought Territory
September 11, 2013


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Chunghwa Telecom Co., Ltd (CHT - Analyst Report) has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because CHT is now in overbought territory with an RSI value of 73.32. Furthermore, estimates for the Chunghwa Telecom have been coming down, pushing it to Zacks Rank #4 (Sell). This suggests that investors may better off exiting this stock before it falls back to Earth.