Down -18.86% in 4 Weeks, Here's Why Flushing Financial (FFIC) Looks Ripe for a Turnaround
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Flushing Financial (FFIC) has seen a significant decline of 18.86% over the past four weeks, making it technically oversold. This suggests a potential exhaustion of selling pressure. Additionally, Wall Street analysts are revising earnings estimates higher, indicating a possible trend reversal for FFIC in the near term.
December 25, 2024 | 3:45 pm
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Flushing Financial (FFIC) is down 18.86% in the last four weeks, now considered oversold. Analysts are revising earnings estimates higher, suggesting a potential trend reversal.
FFIC's significant price drop has led to it being technically oversold, which often precedes a price rebound. The upward revision of earnings estimates by analysts further supports the likelihood of a positive price movement.
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