Can CTC Media, Inc. (CTCM) Continue to Rise?

Zacks

Investors have definitely seen some solid trading in CTC Media, Inc. (CTCM) lately, leading to gains for some. However, CTCM is now in overbought territory thanks to its latest move, as the firm has an RSI value of 75.51. Additionally, CTC Media, Inc. currently has a Zacks Rank #4 (Sell), so if the earnings estimate trend is any guide, a fall might be coming for this overbought stock.



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