Although China Petroleum & Chemical Corp (SNP) is up over 4.9% in the past four weeks, investors may be concerned. After all, SNP is now in overbought territory, at least when looking at its RSI value of 71.1. If that wasn’t enough, investors should also note that China Petroleum & Chemical possesses a Zacks Rank #4 (Sell), so if analyst perception is any guide, we could witness a slump in SNP shares before too long.
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