Down -7.8% in 4 Weeks, Here's Why You Should You Buy the Dip in Enterprise Products (EPD)

Group 1 - The stock of Enterprise Products Partners (EPD) has experienced a downtrend, declining 7.8% over the past four weeks due to excessive selling pressure, but it is now in oversold territory, indicating a potential turnaround [1] - The Relative Strength Index (RSI) for EPD is currently at 26.35, suggesting that the heavy selling may be exhausting itself and a reversal could occur soon [5] - Analysts covering EPD have raised earnings estimates for the current year, resulting in a 0.5% increase in the consensus EPS estimate over the last 30 days, which typically correlates with price appreciation [7] Group 2 - EPD 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 strong potential for a near-term turnaround [8]