InterContinental Hotels (IHG) is Overbought, What’s Next? – Tale of the Tape

Zacks

Investors have definitely seen some solid trading in InterContinental Hotels Group PLC (IHG) lately, leading to gains for some. However, IHG is now in overbought territory thanks to its latest move, as the firm has an RSI value of 72.3. Additionally, InterContinental Hotels 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.

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