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Tale of the Tape

Zacks Equity Research

Is this the Top for Nidec Corporation (NJ)?
November 04, 2013


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Nidec Corporation (NJ) has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because NJ is now in overbought territory with an RSI value of 70.8. Furthermore,  Nidec Corporation currently has a Zacks Rank #4 (Sell), suggesting that investors may want to consider exiting this stock now before it falls back to Earth.