Down -6.3% in 4 Weeks, Here's Why CareTrust REIT (CTRE) Looks Ripe for a Turnaround
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CareTrust REIT (CTRE) has experienced a 6.3% decline over the past four weeks, entering oversold territory. Analysts are raising earnings estimates, suggesting a potential trend reversal.
December 11, 2024 | 3:45 pm
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CareTrust REIT (CTRE) has seen a 6.3% drop in the last month, reaching oversold levels. Analysts are optimistic, raising earnings estimates, which could signal a price rebound.
The stock's entry into oversold territory indicates that the selling pressure may have peaked, and the consensus among analysts to raise earnings estimates suggests positive future performance. These factors combined could lead to a short-term price increase.
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