Down -8.73% in 4 Weeks, Here's Why Essential Utilities (WTRG) Looks Ripe for a Turnaround
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Essential Utilities (WTRG) has experienced a significant decline of 8.73% over the past four weeks, placing it in oversold territory. The stock may be poised for a turnaround due to exhausted selling pressure and positive earnings estimate revisions by Wall Street analysts.
January 07, 2025 | 4:00 pm
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Essential Utilities (WTRG) is in oversold territory after a 8.73% decline in 4 weeks. Analysts are revising earnings estimates upwards, suggesting a potential trend reversal.
The stock's oversold status indicates that the selling pressure may have been overdone, and the upward revisions in earnings estimates by analysts suggest improved future performance, which could lead to a price increase.
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