After Plunging -30.17% in 4 Weeks, Here's Why the Trend Might Reverse for Foghorn Therapeutics (FHTX)
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Foghorn Therapeutics (FHTX) has experienced a significant decline of 30.17% over the past four weeks. However, the stock is now in oversold territory, and Wall Street analysts are revising earnings estimates higher, suggesting a potential trend reversal.

December 12, 2024 | 3:45 pm
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Foghorn Therapeutics has seen a 30.17% decline in its stock price over the last four weeks. The stock is now considered oversold, and analysts are revising earnings estimates upwards, suggesting a potential reversal in the stock's 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 provides a fundamental basis for a potential recovery in the stock price.
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