Is This the Top for Clear Channel Outdoor Holdings, Inc. (CCO)

Zacks Equity Research

Clear Channel Outdoor Holdings, Inc. (CCO) has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because CCO is now in overbought territory with an RSI value of 74.0. Furthermore, estimates for the Clear Channel Outdoor Holdings, Inc. have been coming down, pushing it to a Zacks Rank #4 (Sell). This suggests that investors may better off exiting this stock before it falls back to Earth.

CLEAR CHANNEL OUTDOOR HLDGS (CCO): Free Stock Analysis ReportZacks Investment Research