Foghorn Therapeutics (FHTX) Loses -23.05% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner
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Foghorn Therapeutics (FHTX) has experienced a significant decline of 23.05% over the past four weeks. However, the stock is now in oversold territory, and Wall Street analysts are raising earnings estimates, suggesting a potential trend reversal.
January 15, 2025 | 4:00 pm
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Foghorn Therapeutics (FHTX) has seen a 23.05% decline in the past month, but the stock is now oversold. 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 increase in earnings estimates by analysts provides a positive outlook. These factors combined indicate a potential upward movement in the stock price.
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