Down -11.36% in 4 Weeks, Here's Why ABM Industries (ABM) Looks Ripe for a Turnaround
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ABM Industries (ABM) has experienced a significant decline of 11.36% 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.
December 23, 2024 | 3:45 pm
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ABM Industries has seen a significant price drop but is now in oversold territory. Analysts are revising earnings estimates higher, suggesting a potential price rebound.
The stock's oversold status combined with positive earnings estimate revisions by analysts suggests a potential upward price movement. This indicates that the selling pressure may have been overdone, and a reversal could occur.
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