Ellington Financial (EFC) Enters Overbought Territory

Zacks

Investors have definitely seen some solid trading in Ellington Financial LLC (EFC) lately, leading to gains for some. However, EFC is now in overbought territory thanks to its latest move, as the firm has an RSI value of 73.8. Additionally, Ellington Financial 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.



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