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CenterPoint Energy (CNP) has seen a 5.3% decline over the past four weeks and currently has an RSI reading of 28.96, indicating it is in oversold territory. Analysts have raised their consensus earnings estimate for the current year by 0.3% in the last 30 days, suggesting potential for a turnaround.
The company’s strong performance is further supported by its Zacks Rank of #2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions. This combination of technical and fundamental indicators points to a possible rebound for CNP in the near term.
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