After Plunging -13.4% in 4 Weeks, Here's Why the Trend Might Reverse for Maximus (MMS)

Core Viewpoint - Maximus (MMS) has experienced significant selling pressure, declining 13.4% over the past four weeks, but is now positioned for a potential trend reversal as it is in oversold territory, with analysts predicting better earnings than previously expected [1] Group 1: Stock Performance and Indicators - The stock's Relative Strength Index (RSI) reading is at 25.39, indicating it is oversold and suggesting a possible reversal in trend [5] - A stock is generally considered oversold when its RSI falls below 30, which helps investors identify potential entry points for a rebound [2][3] Group 2: Earnings Estimates and Analyst Consensus - Over the last 30 days, the consensus EPS estimate for MMS has increased by 2.2%, indicating a positive trend in earnings estimate revisions [6] - There is strong agreement among sell-side analysts in raising earnings estimates for MMS, which typically correlates with price appreciation in the near term [6] Group 3: Zacks Rank and Investment Potential - MMS currently 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, suggesting a strong potential for turnaround [7]