Culp ($CFI) - Overbought - views

Culp has hit a technical signal on 3 different technical indicators. CFI is in the Basic Industries sector. The technical signals indicate that the stock is Overbought right now. The 3 indicators: Commodity Channel Index, Relative Strength Index and the Fast Stochastics were all triggered based on the last closing price of $9.77 on Feb 13.

There are currently no analysts that cover the company.

Over the last 52 weeks, the stock has been trading between $7.05 and $10.78. More recently in the last 4 weeks, the stock has been trading between $8.50 and $9.91. Yesterday the stock traded between $9.15 and $9.91. The stock currently has a PE ratio of 7.3.

Culp is trading 7.1% from its 20-day simple moving average (SMA) of $9.12 and 13.9% from its 50-day SMA and 13.34% from its 200-day SMA. Average daily volume over the last 30 days has been 7,610 shares.

At yesterdays close: the RSI was at 80.7, the CCI was at 125.0 and the Fast Stochastic was at 88.7. CFI closed yesterday at $9.77, on volume of 9,025 shares as compared to an average volume of 7,610 over the last 4 weeks.

Culp, Inc. manufactures, sources, and markets mattress fabrics and upholstery fabrics to the furniture and bedding industries in North America and internationally. The company operates in two segments, Mattress Fabrics and Upholstery Fabrics. The Mattress Fabric segment markets woven and knitted fabrics that are used primarily in the production of bedding products, including mattresses, box springs, and mattress sets. The Upholstery Fabric segment markets fabrics for residential and commercial furniture, including jacquard woven fabrics, velvets, microdenier suedes, woven dobbies, knitted fabrics, and piece-dyed woven products that are used in the production of residential and commercial upholstered furniture, sofas, recliners, chairs, loveseats, sectionals, sofa-beds, and office seating. This segment also offers decorative fabrics. The company was founded in 1972 and is headquartered in High Point, North Carolina.

Technical Indicators should be used as the starting point for further analysis. These indicators are provided as a guide to help you determine what assets to analyze. The technical indicators used in this article can indicate that an asset is either overbought or oversold, but that indication could be the result of a fundamental or other type of event like an earnings announcement.

To learn more about technical analysis, please refer to our technical analysis primer.