Is this the Top for Nidec Corporation (NJ)?
Nidec Corporation (NJ) has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because NJ is now in overbought territory with an RSI value of 70.8. Furthermore, Nidec Corporation currently has a Zacks Rank #4 (Sell), suggesting that investors may want to consider exiting this stock now before it falls back to Earth.
NIDEC CORP ADR (NJ): Free Stock Analysis Report
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