Meadowbrook Insurance (MIG) is Overbought, What's Next? - Tale of the Tape

by Zacks, Benzinga Contributor

May 12, 2014 8:50 AM | 1 min read | Make a Comment

Although Meadowbrook Insurance Group, Inc. MIG is up over 13.8% in the past four weeks, investors may be concerned. After all, MIG is now in overbought territory, at least when looking at its RSI value of 70.8. If that wasn't enough, investors should also note that Meadowbrook Insurance possesses a Zacks Rank #4 (Sell), so if analyst perception is any guide, we could witness a slump in MIG shares before too long.

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