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Tale of the Tape

Zacks Equity Research

Forbes Energy Services Ltd. (FES) Enters Overbought Territory
July 22, 2013

Trades from $3

Forbes Energy Services Ltd. has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because FES is now in overbought territory with an RSI value of 76.08. Furthermore, estimates for the Forbes Energy Services have been coming down, pushing it to a Zacks Rank #4 (Sell). This suggests that investors may better off exiting this stock before it falls back to Earth.