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Tale of the Tape

Zacks Equity Research

China Telecom Corporation Limited (CHA) Enters Overbought Territory
September 11, 2013

CHA

Trades from $3
China Telecom Corporation Limited (CHA) has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because CHA is now in overbought territory with an RSI value of 71.94. Furthermore, estimates for the China Telecom Corporation 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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