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MRC Global (MRC) Enters Overbought Territory

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Although MRC Global Inc (MRC - Free Report) is up over 11.5% in the past four weeks, investors may be concerned. After all, MRC is now in overbought territory, at least when looking at its RSI value of 75.9. If that wasn’t enough, investors should also note that MRC Global possesses a Zacks Rank #5 (Strong Sell), so if analyst perception is any guide, we could witness a slump in MRC shares before too long.

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