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Diageo plc (DEO) Enters Overbought Territory
August 07, 2013

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Diageo plc (DEO - Free Report) has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because DEO is now in overbought territory with an RSI value of 73.18. Furthermore, estimates for the Diageo 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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