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Jefferies (JEF) has seen a significant decline of 17% over the past four weeks, currently reaching an RSI reading of 22.78, indicating oversold territory. This suggests a potential turnaround as analysts are optimistic about the company’s earnings, with consensus EPS estimates rising by 27.4% over the last month.
Furthermore, Jefferies holds a Zacks Rank #1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks, highlighting strong momentum for future price appreciation. The stock may soon rebalance towards previous supply and demand levels, offering possible entry points for investors.
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