CEVA Potentially Oversold
The shares of CEVA (NASDAQ: CEVA) seem oversold, as its relative strength index is currently at 27.
CEVA stock price has been falling ever since the company announced lower than expected full year and Q2 guidance earlier this month. However, the company reported better than expected Q1 earnings. The company has lost approximately 27% of its market value in the last two weeks.
CEVA is currently trading at 16.42, a loss of $0.53 or 3.13% from Friday's closing price.
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.