Down -11.77% in 4 Weeks, Here's Why American States Water (AWR) Looks Ripe for a Turnaround
Portfolio Pulse from
American States Water (AWR) has seen a significant decline of 11.77% over the past four weeks, placing it in oversold territory. The stock may be poised for a turnaround due to exhausted selling pressure and strong consensus among Wall Street analysts in raising earnings estimates.
January 08, 2025 | 4:00 pm
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American States Water (AWR) is in oversold territory after a 11.77% drop in 4 weeks. Analysts are raising earnings estimates, indicating a potential stock price rebound.
The stock's oversold status suggests that the selling pressure may have been overdone, and the consensus among analysts to raise earnings estimates indicates positive future performance. These factors combined suggest a likely short-term price increase.
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