Here's Why Xencor (XNCR) is Poised for a Turnaround After Losing -23.68% in 4 Weeks
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Xencor (XNCR) has experienced a significant decline of 23.68% over the past four weeks, but it is now considered to be in oversold territory. Wall Street analysts are revising earnings estimates higher, suggesting a potential trend reversal for the stock.
January 15, 2025 | 4:00 pm
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Xencor (XNCR) has seen a 23.68% decline in the past month but is now in oversold territory. Analysts are revising earnings estimates upwards, suggesting a potential positive trend reversal.
The stock's significant decline has led it to oversold territory, a technical indicator that often precedes a price rebound. Additionally, the upward revision of earnings estimates by analysts suggests improved future performance, supporting the likelihood of a positive trend reversal.
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