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Stone Energy (SGY) is Overbought, What's Next?

Zacks Equity Research

Although Stone Energy Corporation (SGY) is up over 26.4% in the past four weeks, investors may be concerned. After all, SGY 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 Stone Energy possesses a Zacks Rank #5 (Strong Sell), so if analyst perception is any guide, we could witness a slump in SGY shares before too long.

STONE ENERGY CORP (SGY): Free Stock Analysis Report

Zacks Investment Research