Cleco (CNL) is Overbought, What's Next?


Although Cleco Corporation (CNL) is up over 6.6% in the past four weeks, investors may be concerned. After all, CNL is now in overbought territory, at least when looking at its RSI value of 73.9. If that wasn’t enough, investors should also note that Cleco possesses a Zacks Rank #4 (Sell), so if analyst perception is any guide, we could witness a slump in CNL shares before too long.

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