After Plunging -18.75% in 4 Weeks, Here's Why the Trend Might Reverse for Industrial Logistics Properties Trust (ILPT)
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Industrial Logistics Properties Trust (ILPT) has experienced a significant decline of 18.75% over the past four weeks. However, the stock is now in oversold territory, and Wall Street analysts are raising earnings estimates, which could lead to a trend reversal.
November 06, 2024 | 3:45 pm
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ILPT has dropped 18.75% in the last four weeks and is now considered oversold. Analysts are raising earnings estimates, suggesting a potential trend reversal.
The stock's significant decline has led it into oversold territory, which often precedes a price rebound. Additionally, the consensus among analysts to raise earnings estimates indicates positive future performance expectations, supporting a potential upward trend.
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