ALX Oncology Holdings (ALXO) Loses -27.11% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner
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ALX Oncology Holdings (ALXO) has experienced a significant decline of 27.11% over the past four weeks. However, the stock is now in oversold territory, and with Wall Street analysts raising earnings estimates, a trend reversal may be imminent.
November 21, 2024 | 3:45 pm
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ALX Oncology Holdings has seen a 27.11% decline in its stock price over the past month. The stock is now considered oversold, and with analysts increasing earnings estimates, a potential trend reversal is anticipated.
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 suggests positive future performance, supporting the likelihood of a trend reversal.
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