Can Philippine Long Distance (PHI) Continue to Rise? – Tale of the Tape

Zacks

Investors have definitely seen some solid trading in Philippine Long Distance Telephone (PHI) lately, leading to gains for some. However, PHI is now in overbought territory thanks to its latest move, as the firm has an RSI value of 70.2. Additionally, Philippine Long Distance currently has a Zacks Rank #4 (Sell), so if the earnings estimate trend is any guide, a fall might be coming for this overbought stock.

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