Down -6.9% in 4 Weeks, Here's Why You Should You Buy the Dip in WSFS (WSFS)

Core Viewpoint - WSFS Financial (WSFS) is experiencing significant selling pressure, with a 6.9% decline over the past four weeks, but is positioned for a potential trend reversal as it enters oversold territory, supported by analyst expectations of better-than-previously predicted earnings [1] Group 1: Technical Indicators - The Relative Strength Index (RSI) is a key technical indicator used to determine if a stock is oversold, with a reading below 30 typically indicating oversold conditions [2] - WSFS has an RSI reading of 29.64, suggesting that heavy selling may be exhausting itself, indicating a potential bounce back towards equilibrium in supply and demand [5] Group 2: Fundamental Indicators - There is a strong consensus among sell-side analysts that WSFS will report better earnings, leading to a 0.2% increase in the consensus EPS estimate over the last 30 days, which typically correlates with price appreciation [7] - WSFS 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, indicating a strong potential for a turnaround [8]