Randgold Resources (GOLD) is Overbought, What's Next?

Zacks

Investors have definitely seen some solid trading in Randgold Resources Ltd. (GOLD) lately, leading to gains for some. However, GOLD is now in overbought territory thanks to its latest move, as the firm has an RSI value of 73.7. Additionally, Randgold Resources 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.



RANDGOLD RESOURCES LTD WS (GOLD): Free Stock Analysis Report


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