Back to top

Tale of the Tape

Zacks Equity Research

Flextronics (FLEX) Enters Overbought Territory
January 31, 2014


Trades from $3
Although Flextronics International Ltd. (FLEX - Snapshot Report) is up over 6.6% in the past four weeks, investors may be concerned. After all, FLEX is now in overbought territory, at least when looking at its RSI value of 71.5. If that wasn’t enough, investors should also note that Flextronics possesses a Zacks Rank #4 (Sell), so if analyst perception is any guide, we could witness a slump in FLEX shares before too long.