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Forum Energy (FET) Enters Overbought Territory

Zacks Equity Research

Although Forum Energy Technologies Inc. (FET) is up over 7.1% in the past four weeks, investors may be concerned. After all, FET is now in overbought territory, at least when looking at its RSI value of 72.9. If that wasn’t enough, investors should also note that Forum Energy possesses a Zacks Rank #4 (Sell), so if analyst perception is any guide, we could witness a slump in FET shares before too long.

FORUM ENERGY TECH INC (FET): Free Stock Analysis Report

Zacks Investment Research