Can Bancolombia (CIB) Continue to Rise? - Tale of the Tape

Investors have definitely seen some solid trading in Bancolombia SA (NYSE: CIB) lately, leading to gains for some. However, CIB is now in overbought territory thanks to its latest move, as the firm has an RSI value of 70.6. Additionally, Bancolombia currently has a Zacks Rank #5 (Strong Sell), so if the earnings estimate trend is any guide, a fall might be coming for this overbought stock.

 

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!


BANCOLOMBIA-ADR (NYSE: CIB): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research