+ Currently below all three moving averages (20-day, 50-day, & 200-day). Academically proven that future returns will be weak moving forward.
+ Too liquid to benefit from the return reversal effect, so it being oversold shouldn't impact returns.
+ The stock's low volatility makes technical analysis less effective, but our quant model has indicated likely downside.
Likely 20-day price scenario of $64 to $72. Price target of $68.50 before next earnings release
+ Too liquid to benefit from the return reversal effect, so it being oversold shouldn't impact returns.
+ The stock's low volatility makes technical analysis less effective, but our quant model has indicated likely downside.
Likely 20-day price scenario of $64 to $72. Price target of $68.50 before next earnings release
