''Investors have definitely seen some solid trading in BPZ Resources Inc. lately, leading to gains for some. However, BPZ is now in overbought territory thanks to its latest move, as the firm has an RSI value of 70.2. Additionally, BPZ Resources currently has a Zacks Rank #4 (Sell), so if the earnings estimate trend is any guide, a fall might be coming for this overbought stock''.
Are the earnings trend for BPZ, the most important factor for its price? Or is its result delivery, in oil well discoveries and increased production, what is changing the fundamentals for this company?
Are the earnings trend for BPZ, the most important factor for its price? Or is its result delivery, in oil well discoveries and increased production, what is changing the fundamentals for this company?
