Down -15.21% in 4 Weeks, Here's Why SkyWest (SKYW) Looks Ripe for a Turnaround
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SkyWest (SKYW) has seen a 15.21% decline over the past four weeks, but it is now considered oversold. This, along with upward revisions in earnings estimates by analysts, suggests a potential trend reversal for the stock.
February 25, 2025 | 3:45 pm
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SkyWest's stock has dropped 15.21% in the last four weeks, but it is now technically oversold. Analysts are revising earnings estimates upwards, suggesting a potential positive trend reversal.
The stock's oversold status indicates that the selling pressure may have been exhausted, which often precedes a price rebound. Additionally, the consensus among analysts to revise earnings estimates upwards is a strong bullish signal, suggesting that the market may soon react positively.
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