Monarch Financial (MNRK) is Overbought, What's Next?

Zacks

Although Monarch Financial Holdings, Inc. (MNRK) is up over 9.1% in the past four weeks, investors may be concerned. After all, MNRK is now in overbought territory, at least when looking at its RSI value of 72.2. If that wasn’t enough, investors should also note that Monarch Financial possesses a Zacks Rank #5 (Strong Sell), so if analyst perception is any guide, we could witness a slump in MNRK shares before too long.



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