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Tale of the Tape

Zacks Equity Research

BNY Mellon (BK) Enters Overbought Territory
March 26, 2014


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The Bank of New York Mellon Corporation (BK - Analyst Report) has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because BK is now in overbought territory with an RSI value of 75.5. Furthermore, BNY Mellon currently has a Zacks Rank #4 (Sell), suggesting that investors may want to consider exiting this stock now before it falls back to Earth.