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Meadowbrook Insurance (MIG) is Overbought, What's Next?

Zacks Equity Research

Although Meadowbrook Insurance Group, Inc. (MIG) is up over 13.8% in the past four weeks, investors may be concerned. After all, MIG is now in overbought territory, at least when looking at its RSI value of 70.8. If that wasn’t enough, investors should also note that Meadowbrook Insurance possesses a Zacks Rank #4 (Sell), so if analyst perception is any guide, we could witness a slump in MIG shares before too long.

MEADOWBROOK INSURANCE (MIG): Free Stock Analysis Report

Zacks Investment Research