Harmony Gold Mining (HMY) Enters Overbought Territory

Zacks

Although Harmony Gold Mining Co. (HMY) is up over 18.2% in the past four weeks, investors may be concerned. After all, HMY is now in overbought territory, at least when looking at its RSI value of 76.9. If that wasn’t enough, investors should also note that Harmony Gold Mining possesses a Zacks Rank #4 (Sell), so if analyst perception is any guide, we could witness a slump in HMY shares before too long.
 



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