TGC Industries Inc. (TGE) has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because TGE is now in overbought territory with an RSI value of 73.92. Furthermore, estimates for the TGC Industries Inc have been coming down, pushing it to a Zacks Rank #5 (Strong Sell). This suggests that investors may better off exiting this stock before it falls back to Earth.
To read this article on Zacks.com click here.
Get all Zacks Research Reports and be alerted to fast-breaking buy and sell opportunities every trading day.
Be the first to comment