Down -16.38% in 4 Weeks, Here's Why You Should You Buy the Dip in Addus HomeCare (ADUS)

Core Viewpoint - Addus HomeCare (ADUS) has experienced significant selling pressure, resulting in a 16.4% decline in stock price over the past four weeks, but analysts anticipate improved earnings in the near future [1] Group 1: Stock Performance and Technical Indicators - ADUS is currently in oversold territory, indicated by an RSI reading of 26.62, suggesting a potential reversal in stock price trends [5] - The Relative Strength Index (RSI) is a momentum oscillator that helps identify oversold conditions when the reading falls below 30 [2][3] Group 2: Earnings Estimates and Analyst Sentiment - Over the last 30 days, the consensus EPS estimate for ADUS has increased by 0.6%, indicating a positive trend in earnings revisions [6] - ADUS 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 supporting the potential for a turnaround [7]