Is This the Top for Independent Bank Corporation (IBCP)?

Zacks

Although Independent Bank Corporation (IBCP) is up over 22.5% in the past four weeks, investors may be concerned. After all, IBCP is now in overbought territory, at least when looking at its RSI value of 70.9. If that wasn’t enough, investors should also note that Independent Bank Corporation possesses a Zacks Rank #4 (Sell), so if analyst perception is any guide, we could witness a slump in IBCP shares before too long.



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