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Tale of the Tape

Zacks Equity Research

Texas Industries (TXI) Enters Overbought Territory
February 11, 2014

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Investors have definitely seen some solid trading in Texas Industries, Inc. lately, leading to gains for some. However, TXI is now in overbought territory thanks to its latest move, as the firm has an RSI value of 70.6. Additionally, Texas Industries currently has a Zacks Rank #5 (Strong Sell), so if the earnings estimate trend is any guide, a fall might be coming for this overbought stock.