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Tale of the Tape

Zacks Equity Research

Wipro Limited (WIT) Enters Overbought Territory


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Wipro Limited (WIT - Free Report) has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because WIT is now in overbought territory with an RSI value of 72.22. Furthermore, estimates for the Wipro Limited 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.

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