Down -23.95% in 4 Weeks, Here's Why Relay Therapeutics (RLAY) Looks Ripe for a Turnaround
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Relay Therapeutics (RLAY) has experienced a significant decline of 23.95% over the past four weeks, but it may be poised for a turnaround. The stock is currently in oversold territory, and Wall Street analysts are revising earnings estimates higher, suggesting a potential trend reversal.
November 19, 2024 | 3:45 pm
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Relay Therapeutics has seen a 23.95% decline in its stock price over the last four weeks. However, the stock is now in oversold territory, and analysts are revising earnings estimates upwards, suggesting a potential reversal in trend.
The stock's significant decline has led it into oversold territory, a technical indicator that often precedes a price rebound. Additionally, the upward revision of earnings estimates by analysts suggests improved future performance, supporting the likelihood of a trend reversal.
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