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Tale of the Tape

Zacks Equity Research

Is This the Top for Braskem SA (BAK)
October 17, 2013


Trades from $3
Braskem SA (BAK - Snapshot Report) has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because BAK is now in overbought territory with an RSI value of 70.2. Furthermore, estimates for the Jos. A. Braskem SA 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.