Although ConnectOne Bancorp Inc (CNOB) is up over 14.4% in the past four weeks, investors may be concerned. After all, CNOB is now in overbought territory, at least when looking at its RSI value of 77.5. If that wasn’t enough, investors should also note that ConnectOne possesses a Zacks Rank #5 (Strong Sell), so if analyst perception is any guide, we could witness a slump in CNOB shares before too long.
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