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Yes, they are overbought and yes they are due for a correction...I use Bollinger Bands myself and MACD but when there is an upside push like this one, you have to make sure you are going to be able to get back in below the price you sold. Overbought conditions can get more overbought.
Apr 23 08:27 am
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All Comments by NOWHEREMAN »Energy ETFs Soar Into Overbought Territory [View article]