Down -20.35% in 4 Weeks, Here's Why Manhattan Associates (MANH) Looks Ripe for a Turnaround
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Manhattan Associates (MANH) has seen a significant decline of 20.35% over the past four weeks, placing it in oversold territory. The selling pressure may have exhausted, and with Wall Street analysts raising earnings estimates, a trend reversal could be on the horizon.
January 31, 2025 | 3:45 pm
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Manhattan Associates (MANH) has experienced a 20.35% decline in the past four weeks, entering oversold territory. The exhaustion of selling pressure, combined with analysts raising earnings estimates, suggests a potential trend reversal.
The stock's significant decline has placed it in oversold territory, indicating that the selling pressure may have been overdone. Additionally, the consensus among analysts to raise earnings estimates suggests improved future performance, which could lead to a positive price movement.
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