Although Hyperdynamics Corporation (HDY) is up over 51.1% in the past four weeks, investors may be concerned. After all, HDY is now in overbought territory, at least when looking at its RSI value of 73.9. If that wasn’t enough, investors should also note that Hyperdynamics possesses a Zacks Rank #4 (Sell), so if analyst perception is any guide, we could witness a slump in HDY shares before too long.
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