Down -8.23% in 4 Weeks, Here's Why American States Water (AWR) Looks Ripe for a Turnaround
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American States Water (AWR) has experienced a significant decline of 8.23% over the past four weeks, but it may be poised for a turnaround. The stock is currently in oversold territory, and Wall Street analysts are revising earnings estimates higher, suggesting a potential trend reversal.
January 24, 2025 | 4:00 pm
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American States Water (AWR) has seen a decline of 8.23% in the last four weeks, but it is now in oversold territory. Analysts are revising earnings estimates higher, indicating a potential trend reversal.
The stock's oversold status suggests that the selling pressure may have been overdone, and the upward revision of earnings estimates by analysts indicates positive future performance expectations. These factors combined suggest a likely short-term price increase.
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IMPORTANCE 80
RELEVANCE 100