After Plunging -10.42% in 4 Weeks, Here's Why the Trend Might Reverse for SurModics (SRDX)
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SurModics (SRDX) has experienced a significant decline of 10.42% over the past four weeks, placing it in oversold territory. This, combined with Wall Street analysts' consensus on raising earnings estimates, suggests a potential trend reversal for the stock.
January 14, 2025 | 4:00 pm
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SurModics (SRDX) is in oversold territory after a 10.42% decline in four weeks. Analysts are raising earnings estimates, indicating a potential trend reversal.
The stock's oversold status suggests that the selling pressure may have been overdone, and the consensus among analysts to raise earnings estimates provides a positive outlook. These factors combined indicate a likely upward movement in the stock price.
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