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Emerald Oil Inc. (EOX) Continue to Rise

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Investors have definitely seen some solid trading in Emerald Oil Inc. (EOX) lately, leading to gains for some. However, EOX is now in overbought territory thanks to its latest move, as the firm has an RSI value of 73.5. Additionally, Emerald Oil Inc. currently has a Zacks Rank#5 (Strong Sell), so if the earnings estimate trend is any guide, a fall might be coming for this overbought stock.

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