Investors have definitely seen some solid trading in ICICI Bank Limited IBN lately, leading to gains for some. However, IBN is now in overbought territory thanks to its latest move, as the firm has an RSI value of 80.3. Additionally, ICICI Bank 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.
ICICI BANK LTD IBN: Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in