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Elan Corporation, plc (ELN) is Overbought, What's Next?

Zacks Equity Research

Investors have definitely seen some solid trading in Elan Corporation, plc ( ELN ) lately, leading to gains for some. However, ELN is now in overbought territory thanks to its latest move, as the firm has an RSI value of 82.9. Additionally, Elan Corporation, plc currently has a Zacks Rank #4 (Sell), so if the earnings estimate trend is any guide, a fall might be coming for this overbought stock.

ELAN CORP PLC (ELN): Free Stock Analysis Report

Zacks Investment Research