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Tale of the Tape

Zacks Equity Research

ALLETE Inc. (ALE) Continue to Rise
October 28, 2013


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Investors have definitely seen some solid trading in ALLETE Inc. (ALE) lately, leading to gains for some. However, ALE is now in overbought territory thanks to its latest move, as the firm has an RSI value of 72.5. Additionally, ALLETE Inc. currently has a Zacks Rank#4 (Sell), so if the earnings estimate trend is any guide, a fall might be coming for this overbought stock.