After 186% Rally, Mexico’s Metals King Penoles Looks Overbought

  • Company’s RSI surges to highest level since January 2004
  • Five analysts surveyed recommend buying shares; six say hold

The 186 percent rally in Industrias Penoles SAB this year has sent the Mexican miner to the most overbought level in more than a decade.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.