After Plunging -7.9% in 4 Weeks, Here's Why the Trend Might Reverse for Alexander & Baldwin Holdings (ALEX)

Core Viewpoint - Alexander & Baldwin Holdings, Inc. (ALEX) has experienced a downtrend with a 7.9% decline over the past four weeks, but it is now in oversold territory, suggesting a potential turnaround due to analysts' positive earnings outlook [1]. Group 1: Technical Indicators - The stock's Relative Strength Index (RSI) is at 23.81, indicating it is oversold and may soon reverse its trend towards a more balanced supply and demand [4]. - RSI is a momentum oscillator that helps identify oversold conditions when the reading falls below 30, allowing investors to spot potential entry opportunities [2]. Group 2: Fundamental Indicators - There is a strong consensus among sell-side analysts to raise earnings estimates for ALEX, resulting in a 1.8% increase in the consensus EPS estimate over the last 30 days, which typically correlates with price appreciation [5]. - ALEX holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, further indicating a potential turnaround [5].