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Tale of the Tape

Zacks Equity Research


December 23, 2013

ABAX

Trades from $3
Although Abaxis Inc. (ABAX) is up over 6.0% in the past four weeks, investors may be concerned. After all, ABAX is now in overbought territory, at least when looking at its RSI value of 71.5. If that wasn’t enough, investors should also note that Abaxis Inc. possesses a Zacks Rank #5 (Strong Sell), so if analyst perception is any guide, we could witness a slump in ABAX shares before too long.

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