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Abaxis Inc. (ABAX) is Overbought, What's Next?

Zacks Equity Research

Although Abaxis Inc. (ABAX) is up over 6.0% in the past four weeks, investors may be concerned. After all, ABAX is now in overbought territory, at least when looking at its RSI value of 71.5. If that wasn’t enough, investors should also note that Abaxis Inc. possesses a Zacks Rank #5 (Strong Sell), so if analyst perception is any guide, we could witness a slump in ABAX shares before too long.

ABAXIS CP (ABAX): Free Stock Analysis Report

Zacks Investment Research