Fiat Chrysler Automobiles NV (NYSE:FCAU) Hits 'Overbought' Based on Its RSI

Cornelia Mascio
Settembre 13, 2017

FCAU has been the subject of a number of recent analyst reports. Barclays PLC upgraded shares of Fiat Chrysler Automobiles N.V. from an "equal weight" rating to an "overweight" rating and cut their price target for the stock from $15.53 to $10.00 in a report on Wednesday, September 6th.

Short traders are more bearish on shares of Fiat Chrysler Automobiles N.V. if you pay attention to the increase in short interest. Zacks Investment Research downgraded shares of Fiat Chrysler Automobiles N.V. from a "hold" rating to a "sell" rating in a report on Wednesday, August 2nd. Jefferies Group LLC set a $11.00 price target on shares of Fiat Chrysler Automobiles N.V. and gave the stock a "buy" rating in a research report on Thursday, January 12th. Finally, Deutsche Bank AG reiterated a "hold" rating on shares of Fiat Chrysler Automobiles N.V.in a report on Thursday, September 7th. RSI levels above 70 are considered overbought while an RSI of under 30 is considered oversold.

Fiat Chrysler Automobiles N.V. (NYSE:FCAU) has reached an overbought level with a 14-day RSI of 81.22. The firm now has a $10.00 price objective on the stock, up from their prior price objective of $5.60.

Fiat Chrysler Automobiles N.V. has a 12 month low of $6.05 and a 12 month high of $16.46. (NYSE:FCAU) traded up 1.19% during mid-day trading on Friday, hitting $11.03. Fiat Chrysler Automobiles N.V. The stock has a market cap of $25.17 billion, a PE ratio of 7.60 and a beta of 1.67. The firm's 50-day moving average is $9.99 and its 200 day moving average is $7.67.

Other institutional investors also recently modified their holdings of the company. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Fiat Chrysler Automobiles N.V. during the second quarter worth about $140,000. Fiat Chrysler Automobiles N.V. Next quarter's EPS is forecasted to be $0.73 with next year's EPS projected to be $2.96. The firm's revenue for the quarter was up.1% compared to the same quarter past year. In the last earnings report the EPS was $2.15 and is estimated to be $2.62 for the current year with 1,537,294,000 shares now outstanding.

TRADEMARK VIOLATION NOTICE: This story was originally posted by StockNewsTimes and is the sole property of of StockNewsTimes. The company operates through six segments: NAFTA, LATAM, APAC, EMEA, Maserati, and Components.

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