Hi-Tech Pharmacal Co. (HITK) Enters Overbought Territory – Tale of the Tape

Zacks

Hi-Tech Pharmacal Co. (HITK) has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because HITK is now in overbought territory with an RSI value of 79.70. Furthermore, estimates for the Hi-Tech Pharmacal have been coming down, pushing it to a Zacks Rank #4 (Sell). This suggests that investors may better off exiting this stock before it falls back to Earth.

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