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Tale of the Tape

Zacks Equity Research

Edgewater Technology Inc. (EDGW) Enters Overbought Territory

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Edgewater Technology Inc. has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because EDGW is now in overbought territory with an RSI value of 72.71. Furthermore, estimates for the Edgewater Technology have been coming down, pushing it to a Zacks Rank #5 (Strong Sell). This suggests that investors may better off exiting this stock before it falls back to Earth.

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