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Is This the Top for Bitauto Holdings Ltd (BITA)

Zacks Equity Research

Bitauto Holdings Ltd (BITA) has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because BITA is now in overbought territory with an RSI value of 71.9. Furthermore, estimates for the Bitauto Holdings Ltd have been coming down, pushing it to Zacks Rank #5 (Strong Sell). This suggests that investors may better off exiting this stock before it falls back to Earth.

BITAUTO HOLDINGS LTD (BITA): Free Stock Analysis ReportZacks Investment Research