TSX:LSG.DB - Post by User
Post by
caveatinvestoron Aug 15, 2013 8:29pm
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Post# 21674814
LSG in "over bought" territory?
LSG in "over bought" territory? From Zack's today: Lake Shore Gold Corp. has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because LSG is now in overbought territory with an RSI value of 74.83. Furthermore, estimates for the Lake Shore Gold Corp. have been coming down, pushing it to a Zacks Rank #4 (Sell). This suggests that investors may better off exiting this stock before it falls back to Earth.
I haven't seen Zack's full details, but I suspect they haven't factored in where the price of gold might go, LSG's expansion, or other things "off the chart" so to speak.