Genesis Energy (GEL) is Overbought, What’s Next? – Tale of the Tape

Zacks

Although Genesis Energy, L.P. (GEL) is up over 5.4% in the past four weeks, investors may be concerned. After all, GEL is now in overbought territory, at least when looking at its RSI value of 73.4. If that wasn’t enough, investors should also note that Genesis Energy possesses a Zacks Rank #4 (Sell), so if analyst perception is any guide, we could witness a slump in GEL 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

Leave a Reply