Advertisement
UK markets closed

  • FTSE 100

    8,078.86
    +38.48 (+0.48%)
     

  • FTSE 250

    19,601.98
    -117.39 (-0.60%)
     

  • AIM

    753.12
    -1.57 (-0.21%)
     

  • GBP/EUR

    1.1654
    +0.0009 (+0.08%)
     

  • GBP/USD

    1.2495
    +0.0032 (+0.26%)
     

  • Bitcoin GBP

    51,410.04
    -414.77 (-0.80%)
     

  • CMC Crypto 200

    1,381.99
    -0.59 (-0.04%)
     

  • S&P 500

    5,020.16
    -51.47 (-1.01%)
     

  • DOW

    37,917.12
    -543.80 (-1.41%)
     

  • CRUDE OIL

    82.47
    -0.34 (-0.41%)
     

  • GOLD FUTURES

    2,341.90
    +3.50 (+0.15%)
     

  • NIKKEI 225

    37,628.48
    -831.60 (-2.16%)
     

  • HANG SENG

    17,284.54
    +83.27 (+0.48%)
     

  • DAX

    17,917.28
    -171.42 (-0.95%)
     

  • CAC 40

    8,016.65
    -75.21 (-0.93%)
     
Stocks:

Trending tickers

Microsoft, Alphabet, Anglo American, IBM, Astrazeneca, Unilever and Sainsbury's

Korea Electric Power (KEP) Enters Overbought Territory

Zacks Equity Research
Updated
MEET vs. WDAY: Which Stock Is the Better Value Option?

Korea Electric Power Corporation KEP has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because KEP is now in overbought territory with an RSI value of 70.41.

What is RSI?

RSI stands for ‘Relative Strength Index’ and it is a popular indicator used by technically focused investors. It compares the average of gains in days that closed up to the average of losses in days that closed down; readings above 70 suggest an asset is overbought, while an RSI below 30 suggests undervalued conditions are present.

Other Factors

Yet KEP’s high RSI value isn’t the only reason for investors to be concerned, as there has been some decidedly negative earnings estimate revisions in Korea Electric Power’s stock as of late. This is especially true when investors dive into some of these revisions in order to get a better picture of KEP’s prospects for the near term.

ADVERTISEMENT

Over the past two months, investors have witnessed 1 earnings estimate revision lower compared to none higher for the current year. The consensus estimate for KEP has also been on a downward trend over the same time period too, as the estimate has fallen from $4.30/share two months ago to just $2.32/share today.

If this wasn’t enough, Korea Electric Power also has a Zacks Rank #5 (Strong Sell)which puts it into unfortunate company among its peers. So, given all of these factors, investors may want to consider exiting this stock now before it falls back to Earth.

You can see the complete list of today’s Zacks #1 Rank stocks here.

Today's Stocks from Zacks' Hottest Strategies

It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.

And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.

See Them Free>>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Korea Electric Power Corporation (KEP) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.