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Telecom Argentina (TEO) Enters Overbought Territory

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Although Telecom Argentina S.A. (TEO - Free Report) is up over 12.6% in the past four weeks, investors may be concerned. After all, TEO is now in overbought territory, at least when looking at its RSI value of 72.9. If that wasn’t enough, investors should also note that Telecom Argentina possesses a Zacks Rank #4 (Sell), so if analyst perception is any guide, we could witness a slump in TEO shares before too long.

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