Bonanza Creek Energy (BCEI) is Overbought, What's Next?

Zacks

Although Bonanza Creek Energy Inc. (BCEI) is up over 33.6% in the past four weeks, investors may be concerned. After all, BCEI is now in overbought territory, at least when looking at its RSI value of 74.1. If that wasn’t enough, investors should also note that Bonanza Creek Energy possesses a Zacks Rank #4 (Sell), so if analyst perception is any guide, we could witness a slump in BCEI shares before too long.



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