Universal Logistics (ULH) stock plummeted 5.34% on Monday's trading session.
According to a recent analysis, the stock has been in a downtrend, declining 16.1% over the past four weeks due to excessive selling pressure. However, technical indicators suggest the stock may be oversold and due for a rebound.
The article cites the stock's Relative Strength Index (RSI) reading of 20.39, which indicates the heavy selling could be exhausting itself, allowing the stock to bounce back towards its fair value. Additionally, the company's Zacks Rank of #2 (Buy) and positive earnings estimate revisions suggest potential for a turnaround in the near term.
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