HDFC Bank (HDB) Enters Overbought Territory


Although HDFC Bank Limited (HDB) is up over 15.5% in the past four weeks, investors may be concerned. After all, HDB is now in overbought territory, at least when looking at its RSI value of 72.5. If that wasn’t enough, investors should also note that HDFC Bank possesses a Zacks Rank #4 (Sell), so if analyst perception is any guide, we could witness a slump in HDB shares before too long.

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