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Tale of the Tape

Zacks Equity Research

Concord Medical Services Hldg Ltd (CCM) Enters Overbought Territory
September 16, 2013

CCM

Trades from $3
Concord Medical Services Hldg Ltd (CCM - Snapshot Report) has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because CCM is now in overbought territory with an RSI value of 74.91. Furthermore, estimates for the Concord Medical Services 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.